Ethiopian Investment Commission (EIC) Latest News

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Annual FDI Earning of Ethiopia Reaches 3.9 billion USD

The Ethiopian Investment Commission (EIC) revealed that the country has managed to attract over USD 3.9 billion in Foreign Direct Investment (FDI) during the Ethiopian fiscal year that ended on July 8, 2021.

The USD 800 million telecom license fee paid by the international consortium Safaricom to enter the Ethiopian market as the first telecom service provider accounts for the larger portion of the annual FDI drawn.

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Raxio breaks ground on its tier III data center

The Raxio Group, a premier pan-African data centre developer and Portfolio Company of US-based investment firm, Roha Group Inc., kicks off the construction of the first private certified Tier III carrier neutral colocation data center at the ICT Park in Addis Ababa.

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Products and Services in Ethiopia

Date: Nov 29, 2021
Currency (Code)Buying RateSelling Rate
US DollarUS Dollar(USD)47.847648.8046
EuroEuro(EUR)53.996055.0759
Pound SterlingPound Sterling(GBP)60.938262.1570
UAE DirhamUAE Dirham(AED)11.787712.0235
Saudi RiyalSaudi Riyal(SAR)11.542611.7735
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Companies and Businesses in Ethiopia

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