Ethiopia attracts $1.1 billion FDI in five months

Ethiopian Investment Commission has indicated that the country has attracted $1.1 billion foreign direct investment during the first five months of the year.

The commissioner of Ethiopian Investment Agency, Lelise Neme, told the state broadcaster ETV, that the projects are registered in manufacturing, agriculture and hospitality sectors. The Commissioner stated that the spread of coronavirus pandemic has been a challenge in attracting FDI as initially planned. The plan of the Commission for the five months period was to attract worth $1.5 billion FDI.

She also indicated that Commission has been introducing new regulations and upgrading existing laws in order to improve performances of FDI projects and promote investments in general.