By: Nakachew Ayele
Addis Ababa (Ethiopia Today), April 27, 2023: A comprehensive privatization and liberalization program has been implemented to encourage private sector participation in the economy and create a more conducive environment for investors.
This was noted in the annual forum, which was organized jointly by the Ethiopian Investment Commission (EIC) and the Ministry of Foreign Affairs and stakeholders under the theme “Invest and Grow in Ethiopia: The Land of Attractive Investment Opportunities.”
Opening the forum, Minister of Finance (MoF) Ahmed Shide said Ethiopia was ranked among the top 5 FDI destinations in Africa in 2021, with FDI inflow increasing by 79% from 2.4 billion in 2020 to 4.3 billion in 2021, adding that the total FDI stock reached 31.6 billion USD the same year.
Investment Commission Commissioner Lelise Neme explained Ethiopia’s key potential investment areas and what makes Ethiopia an attractive investment destination, and she invited investors to explore and take advantage of the enormous potential Ethiopia offers.
MoF State Minister Eyob Tekalign (PhD) also gave a brief presentation on “The Economic Outlook for Ethiopia: A Story of a Rising Economy” and said that Ethiopia is ready to launch the second homegrown economic reform.