Ethiopia’s Top Investment Official Holds talks with Members of Indian Business Forum

ADDIS ABABA – Head of the Ethiopian Investment Commission (EIC), Lelise Neme, has held a meeting with Indian business forum members.

The meeting was held at the EIC headquarters in Addis Ababa on Wednesday.

During the meeting, the two sides discussed on ways to increase Foreign Direct Investment flow from India, the Commission said.

Creating easy business environment and institutionalizing the forum and commission relationships were also among the agendas raised and discussed in the meeting, the EIC added.

This is for the second time members of the India Business Forum (IBF), established in 2005 to facilitate activities of the Indian investors in Ethiopia, met with top government officials in about ten weeks.

The forum held similar discussion with State Minister of Foreign Affairs, Tsion Teklu, and state minister of Trade and Industry, Misganu Arega, on May 26, to explore more Investment opportunities and raise their concerns in the sectors they invested in.

Indian businesses launched at least 35 new investment projects in the past twelve months despite the impact of Covid-19 pandemic on the world economy, according to Indian embassy in Addis Ababa.

The Asian nation is also one of the top investors in the East African nation. At least 617 Indian companies are registered with the Ethiopian Investment Commission and employ about 75000 workers.


Featured Image: After the discussion, the commissioner gave a tour to the Indian business forum members the renovated new look of Ethiopian Investment commissions building. [Photo EIC]