The Ethiopian Investment Commission has secured 2.3 billion dollars in investments during the first half of the fiscal year, marking a more than 20pc increase from the same period last year. The Commission said efforts to resolve investor complaints, prepare third-party land, and address operational gaps helped boost foreign exchange earnings and investment flows. Despite the gains, the Commission acknowledged further work is needed to fully tap the country’s potential. A proxy-production scheme aimed at replacing imports with domestic output achieved only 53pc of its first-quarter target, highlighting the gap between ambitious plans and execution.

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