[Mar 2017] Foreign Direct Investment (FDI) in Ethiopia Latest Ethiopian News - AddisBiz.Com | Ethiopian Business Guide
The Ethiopian Investment commission said it has offered licenses for 130 investment projects with registered capital of 20.2 billion birr during the first quarter of this budget year.
Public relation head with the commission, Getahun Negash, told WIC that the commission has licensed 130 investment projects worth 20.2 billion birr capital in the last three months and among them 107 projects are new and 23 are expansion projects.
According to Getahun, among the investment projects 101 are foreign direct investments and the...
Sher Ethiopia Plc, which is implementing an expansion project in Adami Tulu, 170Km south of Addis Abeba in the Oromia Regional State on a 203ha plot of land, has so far, completed expansion ON 50 ha of the total plot.
Only 160ha of land will be used for development of a new greenhouse whereas the remaining land will be used for building offices, pack house, grading hall, cold room and other facilities.
“So far, we are developing one hectare of land per week,” said Gerrit Barnhoorn, managing director of Sher, refraining from...