INVESTMENT OPPORTUNITIES IN ETHIOPIA- IN ALL REGIONS

Ethiopia is an investment-friendly country with a stable-macro-economic environment. Its monetary policies have played a significant role in creating an enabling climate to addressing the needs of the public, assisting the economic activities and attracting investors. Ethiopia has been taking apt measures to improving the investment policy of the country with the aim to promoting sustainable economic development.

Ethiopia is a country with vast investment opportunities and it is a reliable business partner. The government of Ethiopia has been taking different measures to create a more conducive investment lands cape with the aim to stimulating investment and encouraging the private sector to explore these investment potentials. Ethiopia’s viable economic environment, the investment code with its incentive bonanza both at federal and regional levels, the untapped natural resources and the availability of a relatively cheap labor force are said to be the major investment attracting factors.

As a result the domestic investment activities and the foreign investment inflows into the country have greatly increased. So far, from July 2002 to June 2004 Over 10,285 investment project with an aggregate capital of 11.2 Billion birr have got investment licenses. These projects are in the areas of agriculture, industry and agor-industry construction, mining, fuel and natural gas exploration, trade, education, hotel and tourism, power supply, transport and communication etc

When these projects go operational, it is expected to create employment opportunities for 525,443 permanent and 672,180 temporary job-seekers . Among the licensed projects, 728 projects with a total capital of 25.6 billion birr are foreign owned. When these start operation, they will create job opportunities for 96,274 permanent and 92,182 temporary workers.

Generally, the various policy reforms taken by the government in recent years have helped in increasing local and foreign investment in flows in the country.

Though we can not presume to have an exhaustive picture of the investment opportunities that the country can afford, we feel, this brochure is a modest attempt to show the various investment potentials of the country and is hoped to be suitable for prospective local and foreign investors. Ethiopia is a gate way of opportunities and come, lets talk about business.

Welcome to Ethiopia to the land of bonanza!!

GENERAL FEATURE

Ethiopia possesses enormous natural potential resources by virtue of its natural endowment. Its endowment. Its endowments are likely to facilitate and enhance its development in the agricultural, agro-industrial, industrial, mining, construction and tourism sectors.

Ethiopia is exerting efforts to create a more business-friendly atmosphere. Modestly speaking the country has been a destination for investment opportunities with an assured potential for investment fortunes. Ethiopia which is located in the north-eastern part of Africa, popularly known as the Horn is regarded to be a gate way of investment opportunities due to the availability of natural resources, good power supply and communication facilitities, political stability, investor-friendly policies, relatively cheap labor, easy access to markets, incentive bonanza etc. More

MAJOR INVESTMENT OPPORTUNITIES

Ethiopia offers a wide ranging investment opportunities in the areas of agriculture, agro-industrial processings and manufacturings. The country has excellent climate and fertile soil for the production of variety of crops (bearing up to 146 types of crops) the majority of which are cereals, pulses and oilseeds.

The country also grows cash crops such as coffee, cotton, tobacco, sugar cane, tea, spices, flowers, fruits and vegetables. The variety of fruits and vegetables the country grows include:- citrus, mango, banana, papaya, avocado, grapes, cabbages, cauliflower, eggplant, tomato, cucumbers, pepper onion, garlic, water melon, carrots, beetroots, and green beans etc… More

INVESTMENT OBJECTIVES

Some of the country’s investment objectives include:-
- Exploiting the country’s natural potential for development
- Enhance the country’s development endeavor
- Promote the capacity and quality of production, productivity and service renderings to reap better and reasonable
amount of foreign earnings and to minimize or save the out flow of foreign currency by producing some of
the commodities and machineries the country used to import previously

GUARANTEES

The government of the FDRE is well aware of the crucial importance of infrastructure necessities to attract foreign direct investment in to the country. Besides, facilitating quality infrastructure services in primary for efficient operations of the private sector and enables to take role in the global market there by attracting foreign direct investment. Hence, the Ethiopian government has been and still is trying its level best to attain its infrastructure development programmes in the fields of energy, roads and telecommunication sectors. More

INCENTIVES

To facilitate the promotion of private investment, to enhance the inflow of foreign capital and technology in to the country, the Ethiopian Investment Commission grants the following incentives to both domestic and foreign investors engaged in areas eligible for investment incentives. More

INVESTMENT IN TIGRAI