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Ethiopia: Debre Birhan Draws 12 Billion Birr Investment

Debre Birhan Town Administration said it has licensed investors with 12 billion Birr capital in the last three years.

Samuel Alen, Deputy Mayor of the town told Ethiopian News Agency that of the 300 local and foreign companies licensed, 124 are involved in manufacturing. 17 of the projects have gone operational.

These projects have created 2,000 permanent jobs.

There has been an increase of investment flow to the town, said the Deputy Mayor.

Ethiopian Diaspora accounts for 26 projects worth 400 million Birr, Samuel noted.

According to Samuel, since Debre Birhan is near to Addis Ababa and accessible to international markets through the port of Djibouti and Port of Tadjoura, it has become one of the favored investment destinations for local and international companies.

Source: Ethiopian News Agency

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