Ethiopia Issues Licenses for 130 Investment Projects

The Ethiopian Investment Commission announced that it has issued licenses for 130 investment projects worth $959 million capital in the first quarter of this fiscal year.

Getahun Negash, Public Relation Head at the Commission, told Walta Information Center (WIC) that, out of 130 investment projects, 107 projects are new and 23 are expansion projects.

Getahun noted that, among the investment projects, 101 are foreign and the remaining 29 are domestic.

Chinese investors have been issued with 45 licenses, Indians with 8 and Indonesians with 5, Getahun elaborated.

The Commission in the past year has licensed 65 investment projects worth $160 million that have become fully operational in the first quarter of this fiscal year, Getahun said.

Source: 2Merkato

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