A seminar was organized in Stockholm by the Ethiopian Embassy in association with Chamber Trade Sweden and the Swedish-Ethiopian Chamber of Commerce, with the aim of promoting investment and business in Ethiopia.
A Pakistani investment delegation consisting of 80 investors engaged in agriculture, manufacturing, minerals, technology, health care, and other sectors will hold a business visit in Ethiopia staring from March 12.
Investment in Ethiopia’s mining sector has reached 16.2 billion Ethiopian birr, Walta Information Center reported.
The number of domestic and foreign investors engaged in the mining sector has also reached 137, Bacha Fuji, the Ministry’s public relations and communications director, told Walta Information Center.
Licensing for investment in the manufacturing sector has shown an increase in Ethiopia. The Ministry of Industry has licensed 56 projects in textiles, chemical, pharmaceutical, leather and agro-processing in just the last two and a half months according to sources.
805 million birr in capital has been invested in Ethiopia between January-March in projects expected to employ more than 3450 permanent and 3850 temporary people when fully operational.
A total of 1043 projects were licensed with a total capital of 31.2 billion birr in the last year.
More than 550 foreign and domestic investors with over 8.5 billion Birr combined capital are undertaking various projects in North Shoa Zone, Amhara Regional State in Ethiopia during the current Ethiopian fiscal year, the zonal industry and urban development department said.
Department Head, Dawit Yeshitila told Ethiopian News Agency, the projects include, agro-industry, construction, metal work, hotel and tourism.
