If the space provided in the form is not sufficient, use supplementary sheet of paper. Ethiopian investment commission, addis ababa, ethiopia. Ethiopia is a member of the multilateral investment guarantee agency miga and the. Coronavirus live update live statistics and coronavirus news tracking the number of confirmed cases, recovered patients, and death toll by country due to the covid 19 coronavirus from wuhan, china. Ethiopia s economy is primarily based on agriculture but over the last 5 years the government has been determined to diversify the exports with a priority set for strategic sectors like light manufacturing, textile and garment manufacturing. Assessment of the ethiopian investment and export policy. Ethiopia has great potential for investments for several reasons. In line with the marketoriented economic policy of 1992, the investment regime has also liberalized since then. Ethiopian investment agencyissued 1,805 investment licenses, mostly 40% to residents of the usa, with. Feedback collected from over 20 ministriesagencies. Top 5 opportunities for investment in ethiopia part ii. Ethiopian investment agency invveessttmmee nntt eooppppoorrttuuniittyy pprrooffiille foorr. Ethiopia trade and investment priorities claudius preville.
Eia ethiopian investment agency eic ethiopian investment commission eiide ethiopian industrial inputs development. Ethiopian investment agency investment opportunity profile for cotton production and ginning in ethiopia updated 2012. It is therefore necessary to complete the form as fully and accurately as possible. Feed the future multiyear strategy june 2011 united states agency for international development ethiopia page ii. Fdis in ethiopia their impact on the agricultural sector. Gates foundation expands commitment global covid19 response. Despite being one of the fastest growing countries, housing remains a major problem in ethiopia. Ethiopian information and communication technology.
Public procurement and property administration agency sustainable development goal small and micro enterprises. It is endowed with large land size 8th largest country in africa and 27th in the world and huge proportion of arable land, diverse topography and agroclimatic zones, a. Eib ethiopia investment board nbe national bank of ethiopia esia environmental and social impact assessment npl nonperforming loan eslse ethiopian shipping and logistics services enterprise pfm public financial management eta ethiopian telecommunications agency ppp publicprivate partnership. A completed application form is one of the documents required for an investment permit. Pdf report on ethiopian foreign investment law and practice. The ethiopian textile and apparel industry has huge potential and has grown an average of 51%. Although promotion continues to be insufficient, aftercare activities have increased significantly. Prior to the ipr, there was little investment promotion activity from the eia. Undertaking a carbon neutral economy is an opportunity for ethiopia for it is in line with the resources that it is endowed with.
Trade and foreign direct investment fdi figure in the. It is responsible for facilitating the implementation of new investment projects, providing after care services for new and existing investments, as well as organizing investment promotion activities both locally and internationally. The ethiopian investment agency eia, which is an autonomous government body, serves as a onestopshop for issuing investment licenses and investment facilitations. Erca ethiopian revenues and customs authority erp enterprise resource planning esa ethiopian standards agency etgama ethiopian textile and garment manufacturers association etidi ethiopian textile industry development institute. Ethiopian good friday commemorated from home to avoid spread of pandemic.
Ethiopian economy, a short overview of the current economic situation of ethiopia is given in section 3. Investment a foreign investor, domestic investor or a partnership of foreign and domestic investors who plans to engage in investment activities in ethiopia are expected to follow the investment procedures in ethiopia. Ethiopian strategic investment framework esif ethiopian sustainable land management investment framework. Ethiopia is very well known in some parts of europe especially for her green beans, climbing beans, cut flowers, okra, melon and passion fruits. Ethiopias real estate market, still under construction. Laying 2,000 km of new electricity distribution lines and expanding electricity coverage to 75% of the. Investment profile for investing in xxx in ethiopia.
Amhara region business agenda 2018 ethiopian, chamber. Ethiopas investment commission eic is mandated with promoting investments in ethiopia. In view of this, the agency hopes that investors will benefit from this publication in their efforts to establish successful businesses in ethiopia. The priority areas of the national ict policy are building up of telecommunications. Ethiopia investment policies and incentives and opportunities. The telecommunications and energy sectors were thrown open to foreign investors later. Ethiopia, who has made an investment, and includes the government, public enterprises as well as a foreign national, ethiopian by birth and desiring to be considered as a domestic investor. As shown in table 1, domestic investment in ethiopia has increased rapidly since the introduction of liberal policies in 1992.
Some foreigners, who came to ethiopia before ydlibi, were searching for rubber themselves for several years past and made an attempt to grow it from seeds in a wrong part of the. Ethiopian investment commission is a government institution established in 1992 to promote private investment, primarily foreign. Ethiopia once the byword for famine in the region is garnering attention from foreign investors. Overview of ethiopian investment opportunities and policies. Usaid ethiopia s other investment in support of the agps markets and agribusiness sub. Ethiopia, by the ethiopian investment authority eia and the ethiopian commission on. Investment procedures in ethiopia details written by administrator published on 30 april 2008 category. In recent years, private investors have significantly ramped up development, particularly in the more developed cities like addis abeba. Ethiopian investment commission eic areas reserved for domestic investment according to the investment proclamation of 2012, some restrictions apply to foreign investment. Assessment of the ethiopian investment and export policy tsegabirhan w. Coronavirus counter with new cases, historical data, and info. Background ethiopia is believed to be one of the origins of cotton, and cotton cultivation is deep. Central statistical agency csa based on the priorities and.
List of proclamations and regulations enacted in the. Agriculture ethiopia is a conducive investment destination for commercial farming. The ethiopian investment agency eia approves the submitted documents and issues an investment permit in 23 hours time if the above documents are received in full. Application for investment permit for expansion or upgrading. However, the gap between domestic investment and savings has remained wide thereby reinforcing the need for fdi in the development of the economy. Since 1991, successive ethiopian administrations have shown their. Thank you for the detailed compilation of laws and regulations of ethiopia. Eia ethiopian investment agency eic ethiopian investment commission.
Ethiopia s contribution to the emissions of ghgs is likely to increase with the. Ethiopian investment law archives ethiopian legal brief. Ethiopia s real estate market, still under construction. Eic ethiopia investment commission eppcf ethiopian public private consultative forum erca ethiopian revenues and customs authority eslse ethiopian shipping and logistic service enterprise fgd focus group discussion fmase ethiopian federal micro and small enterprises agency. Eea ethiopian electric agency eictda ethiopian information and communication technology development agency. Foreign direct investment fdi in ethiopia investing. Of the 10 recommendations dealing with the ethiopian investment agency eia and investment promotion, three were partially implemented. Against this background information the database generated by the ethiopian investment agency is analysed to draw a picture of the development of fdi inflows over the. Ethiopia has envisioned doing all it can to build cncre because. The ethiopian investment agency eia regularly issues a publication on factor costs in the country with the aim to assist investors in the preparation of investment projects. Ethiopia investment policies and incentives and opportunities unido. The world bank public disclosure authorized ethiopia. Law scholars urge for strict implementation of the state of emergency. The hydroelectric plant will produce 15,000 gwh per year.
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