The Ethiopian Investment Commission (EIC) has outlined its strategy to attract significant foreign direct investment (FDI) in the current fiscal year. The Commission aims to issue 386 new investment licenses and generate USD 4.52 billion from FDI.
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In a significant development, the Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA) elected a new president and leadership team during its general meeting on July 18, 2024. The meeting was held under the directive of the Ministry of Trade and Regional Integration.
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The Addis Ababa City Council approved a Birr 230.39 billion budget for the city's administration in the current fiscal year. This decision was reached after the council's fourth regular meeting, which concluded yesterday with the approval of various appointments.
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The horticulture sector has experienced a decline in foreign exchange earnings this year, with a decrease of USD 123 million compared to the previous year, according to Minister of Agriculture Girma Amente.
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Ethiopia attracted USD 3.82 billion in foreign direct investment (FDI) during the recently concluded fiscal year, according to the Ethiopian Investment Commission.
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