2merkato

Prime Minister of the Republic of Ethiopia H.E. Hailemariam Desalegn has received in his office in the capital Addis Ababa the Chairman of Ezdan Holding Group H.E. Sheikh Dr. Khalid bin Thani bin Abdullah Al Thani, and his accompanying delegation to deliberate on investment opportunities available for Qatari businessmen. The meeting predominantly tackled a project proposed by Ezdan Holding Group to establish a multipurpose realty project in a premium location at the heart of the Ethiopian capital Addis Ababa.

Ethiopian Investment Commission (EIC) disclosed Ethiopia managed to attract a total of 1.2 billion USD by foreign direct investment (FDI) in the first 6 months of the current fiscal year.According to the Commissioner for EIC, Fitsum Arega, the FDI flow shows slight reduction when compared to the same period last year.

In the first 6 months of the current fiscal year, Ethiopia earned 1.6 billion USD from the tourism sector. According to Gezahegn Abate, Public and International Relations Director at the Minister of Culture and Tourism, more than 400,000 foreign tourists visited the country during the 6 months period.

Ethiopia’s lower house, House of Peoples’ Representatives (HPR), ratified loan agreement made with China Export-Import Bank (EXIM Bank of China) worth 250 million USD. The loan is going to be used for finance major infrastructure construction that will be undertaken in the country.