https://www.youtube.com/watch?v=OYuB1TG1cQw
1. Today we discuss Ethiopia as an investment destination.
2. Ethiopia, in the Horn of Africa, is a rugged, landlocked country split by the Great Rift Valley.
3. Ethiopia which is officially known as the Federal Democratic Republic of Ethiopia is the most populous landlocked country in the world, has a total area of 1,100,000 square kilometers and over 117 million inhabitants.
4. Out of this, over 3-million hectares of land have been made available for investment which offers one of the largest and most diverse agricultural investment opportunities on the continent.
5. In total, Ethiopia FDI stock was estimated at 27.4 billion dollars in 2020, during 2020 to 2021 Ethiopian budget year, 132 new giant investors from Europe and other countries have already licensed and commenced production in the country.
6. In this video, we will be taking a look at why you should invest in Ethiopia.
7. The new home-grown economic reform aspires to address foreign exchange challenges and sought to generate tangible revenue by boosting export volume, The economic reform strengthens multinational investors to join investment in the country.
8. Foreign Direct Investment In Ethiopia: According to the recent World Bank Report, Ethiopia tops East Africa in attracting FDI, with almost half of the inflows to the East African region.
9. Ethiopian Investment Commission (EIC) Public Relations Directorate Director Henok Solomon told The Ethiopian Herald that the country has attracted 2.05 billion USD Foreign Direct Investments (FDI) within nine months of the recently passed Ethiopian budget year, This FDI inflow has been registered amid the Covid-19, global inflation, and internal stability challenges on the investment sector.
10. The number of multinational investors joining investment in the country is increasing year after year following the government's measures to promote investment.
11. 12 local manufacturing investment projects have joined an investment in industrial parks following the government's efforts to support domestic investment.
12. Ethiopia has been ranked 159th worldwide, for the ease of doing business in the World Bank's 2020 Doing Business Report.
13. The new investment law adopted in 2020 should further strengthen the business environment.