2 March 2018

Ethiopia Attracting Anchor Investors - Spokesperson

ADDIS ABABA - Foreign Affairs Ministry Spokesperson Meles Alem said that Ethiopia becomes preferable foreign investors' destinations.

In his weekly briefing, Spokesperson Meles emphasized that the entrance of new anchor investors is ascribable to the country's successful economic diplomacy in the fiscal year. "72 anchor investors from abroad held pre-investment tour in the country and are on pre-investment implementation," he added.

Agriculture, agro-processing, manufacturing, automotive industry, electric power generation, pharmaceuticals, mining, construction, service sectors, among others, are the leading sectors that the investors are joining, according to him.

Anchor investors are those with a registered capital ranging from 500 million to one billion USD, he said.

It is assured that a total of 158 overseas anchor investors are licensed and joined investment in the country within the past six months in which 99 are Asian and Indonesian, 23 European, 12 Middle East, 13 African and 12 US, he noted.

Accordingly, the business-to-business (B2B) forums, trade fairs, tourism exhibition and promotions as well as tourist familiarization trip and engineering and infrastructural technology exchange has played the dominant role in the country's success in investment.


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