UN Puts Ethiopia on Top as Major FDI Destination

Ethiopia has been selected as one of the destinations for sustainable Foreign Direct Investment (FDI) from African countries, according to the annual UN report.

Ethiopia has won the fifth tier with 3.2 billion dollar share from all FDIs that were injected in African countries such as Angola, Egypt, Nigeria and Ghana.

With the current status, Ethiopia has improved its share of attracting FDI with the increment of 10pc, valued at 3.6 billion dollars. This puts Ethiopia on the second level following Angola.

Two years back UN has reported 2.2 billion dollars of FDI have been registered in Ethiopia. At this time the aggregate value of FDI registered in East Africa has reached 7.6 billion dollars.

Even though the flow of FDI has been dropped for continuous years; the UN has projected a 20pc increment of 50 billion dollars in the continent.

Published on Jun 16,2018 [ Vol 19 ,No 946]



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