Ethiopia Passes New Investment Law to Enhance Economy
Ethiopia passed a new investment law on Thursday, clearing the way for foreign investors to have access to several sectors of the economy.
Ethiopia passed a new investment law on Thursday, clearing the way for foreign investors to have access to several sectors of the economy.
The Ministry of Livestock and Fishery indiacted that the nation had not been benefiting from the untapped livestock and fishery resources, The Ethiopian Herald reported.
Ethiopia has picked Lazard Ltd, French investment bank and asset management firm to procure credit rating companies for its debut sovereign Eurobond, Reuters reported today.
Mineral export is planned to bring in U.S. $ 714 Million for Ethiopia during the current fiscal year, Ministry of Mines (MoM) disclosed.
Ethiopia's Industrial Parks Development Corporation (IPDC) announced plans to generate $400 million in exports in the Ethiopian fiscal year which began July 8, 2020. While doing so, 45,000 permanent jobs will also be created, Deribe Debele, IPDC's Corporate Marketing and Communications Head noted.