New Business Ethiopia

The United States Secretary of State Michael R. Pompeo, who is visiting Ethiopia, promises to encourage and provide support to United States companies aspiring to invest in Ethiopia.

The House of Peoples’ Representative of Ethiopia on Thursday ratified investment law that envisages to further opening up economy and attracting more foreign direct investment (FDI) to Country.

Africa is being exploited by foreign multinational companies in the name of attracting foreign direct investment, which in reality if foreign direct exploitation, says Esther Muchiri, Legal Consultant and Lecturer at Norman Otieno & Co. Advocates in Kenya.

Ethiopia has attracted $843 million foreign direct investment (FDI) in the last five months, said Investment Commission.

Foreign Direct Investment (FDI) to West Africa fell by 11% to $11.3 billion in 2017 as compared to the previous year, according to World Investment Report 2018 released today.

Global foreign direct investment (FDI) flows fell by 23% in 2017, to $1.43 trillion from $1.87 trillion in 2016, according to the United Nations Conference on Trade’s (UNCTAD’s) World Investment Report 2018.