By Shegaw Yemataw
The Ethiopian Investment Commission revealed that the nation has managed to secure a whopping 3.82 billion dollars from foreign direct investment in the course of the just concluded Ethiopian fiscal year.
Briefing journalists here today, Chief Commissioner of the Ethiopian Investment Commission, Hana Ar'aya-sellasie, said her Commission has been diligently working to increase export performance, while at the same time raising import substitution, not to mention the creation of job opportunities by identifying bottle necks facing investors in the country.
The chief commissioner indicated that the commission has been working extensively on promotion, facilitation and regulation to create conducive environment.
She highlighted that the new special economic zone law formulation and opening up of trading sector for foreigners are among the major milestones the commission accomplished in the concluded fiscal year.
While export revenue has fetched 115.2 million USD for the Eastern African nation during the stated period, Ar'aya-Sellassie, nevertheless, underscored that the performance stands lower compared to that of the previous fiscal year.
The chief commissioner further stated that the commission has set out to attract 4.52 billion USD in FDI during the next Ethiopian fiscal year based on new amendments introduced to create a more business-friendly climate.//