Investment Office of Bahir Dar Town of Amhara Regional State said, it has licensed 87 investment projects with a combined capital of over 618.6 million Ethiopian birr during the first quarter of the current fiscal year, Ethiopian News Agency reported.

Investment license and registration expert with the office, Beteha Abebayehu said, the projects are in the areas of trade, construction, industry, service as well as hospitality and tourism sector.

When going operational, the projects are expected to create jobs for more than 3,300 people, the expert said.

Source: Ethiopian News Agency