Ethiopia attracted 2.5 billion dollars in foreign direct investment (FDI) in the just ended fiscal year, a steep decline from the 4.4 billion dollars registered three years ago. Last year's FDI flow was also 1.6 billion dollars short in absolute figures from the target set by the Ethiopian Investment Commission. In the past few years, Industrial Parks have attracted huge investments, but it has been difficult for these enterprises to stay fully operational due to the pandemic, according to Anteneh Alemu, deputy commissioner at the Commission. "This was especially true for the fourth quarter of the year," he said. Political instability in the country and the foreign exchange crunch were also cited as contributing factors by the Commission along with the anticipated elections. At the end of last year, the Commission had reported that the political instability had cost 300 million dollars from the one-billion-dollar target in the first quarter of the year. The Commission plans to focus on the pharmaceuticals industry and fast-moving consumer goods to spark investment in the country this year.
January 22 , 2022
The relationship between fuel price shocks and politics needs no introduction. As a f...
January 15 , 2022
Foes and friends of Prime Minister Abiy Ahmed (PhD) agree that his administration is...
January 7 , 2022
There has not been much research to put a number on high costs wars inflict on Africa...
January 1 , 2022
It is a norm to emphasise grand structural changes to address the myriad political pr...
November 27 , 2021
Against my will, I have witnessed the most terrible defeat of reason and the most sa...
November 13 , 2021
Plans and reality do not always gel. They rarely do in a fast-moving world. Every act...
October 16 , 2021 . By HAWI DADHI
Residing in a country with no capital market, an organised marketplace for trading se...
August 28 , 2021 . By HAWI DADHI
The streets of Addis Abeba are as varied as they are many, although too many of them have yet to be named. From the narrow alleyways of the...
