ddis Ababa May 28/2024 (ENA) Ethiopia received 3 billion USD in Foreign Direct Investment (FDI) in the first 10 months of the current fiscal year., Ethiopian Investment Commission remarked.
Speaking to ENA, Commissioner of the Ethiopian Investment Commission Hanna Arayaselassie said the commission has planned to attract 3.5 USD in foreign direct investment during this Ethiopian fiscal year.
“Over the last 10 months, the total FDI inflow into the country is about 3 billion USD. We are working towards meeting the annual goal. We expect this number to grow in the coming years.”
Noting we are a bit behind our annual target, but it has increased and showed improvement compared to last year, she said, adding “we are working hard to make sure that we meet our goal, but also to increase it for the coming year.”
Although there are sizable contributions from other parts of the world, China is the top source of foreign direct investment into the nation, accounting for almost 50 percent of all projects that come in, she indicated.
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