European Union, Ministry Launch Foreign Direct Investment Policy Briefs


European Union, Ministry Launch Foreign Direct Investment Policy Briefs

Policy briefs on linking Foreign Direct Investment (FDI) with domestic manufacturers and FDI attraction strategy to feed into forming a solid manufacturing base are hoped to come to life through a tailored combination of financial and investment incentives. The policies are hoped to encourage local sourcing, a connection to TVET in a pilot phase to build supplier capacity, and a public database with a scoring system to address information gaps and support matching operations. According to European Union Business Forum Ethiopia (EUBFE), there is a need for a clear strategy to attract, promote, and support middle to small-scale foreign direct investment. The development of a clearly defined strategy and policy direction for small to middle-scale FDI and enabling high-value, thorough targeted incentives, infrastructure, and improved investor services is a critical issue that needs to be addressed. EUBFE and the Ministry of Industry will launch the policy briefs and sign a Memorandum of Understanding (MoU) in the presence of Minister Melaku Alebel and the Head of the Ethiopian Investment Commission, Lelise Neme. The ceremony takes place on January 30, 2023, at Hyatt Regency Hotel with the expected attendance of EU Ambassador to Ethiopia Roland Kobia and EU members of state embassies.


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