Ethiopia: Investment Commissioner Calls On Global Companies to Engage in Emerging Investment Sector of Ethiopia

Addis Ababa — The Ethiopian Investment Commissioner, Lelise Neme called on global companies to boost investment in the ever emerging investment sector of the country.

This was disclosed at the international form prepared by Ethiopian Investment Commission (EIC) under the theme: “Invest Ethiopia2023” with the view to attracting giant companies from the rest of the world into Ethiopia, a country with enormous potential for investment and business.

In her opening speech, EIC Commissioner Lelise underscored that Ethiopia has embarked on new development trajectory driven by government commitment to promoting private sector-led growth, improving infrastructure and creating conducive investment finance.

Mentioning Ethiopia’s strategic location to key international markets and abundant resources, the commissioner said these advantages make the country to attract more Foreign Direct Investment (FDI).

To this end, the government has put in place a range of policy reforms, including opening up of key sectors like telecommunication, energy, logistics and the financial sector, she pointed out.

As Ethiopia is diversifying its investment sectors and bringing emerging sectors, Lelise urged companies to maximize their engagement in the spheres.

“Ethiopia has identified priority sectors for investment such as agriculture, manufacturing, mining, tourism and ICT. We also have emerging sectors such as renewable energy, health, transport and logistics and housing development. One of the driving forces for our industrialization strategy is the establishment of eco-friendly parks and attracting investment in textile and garment production, leather, pharmaceutical and agro-processing.”