ADDIS ABABA – Ethiopia has attracted foreign direct investment (FDI) worth over a billion dollars in the first four months of the current 2021/22 fiscal years, its top investment official said.
The amount has failed to hit the target the Ethiopian Investment Commission set for the period, which was to attract $1.38 billion from FDI from July to October. It has, however, significantly grew as compared to the corresponding months of last year.
Investment Commissioner Lelise Neme said the country has attracted FDI worth over $1.07 billion, attaining 78% the target, according to state news agency,
The figure has shown a 28 percent increase as compared to the same period last year, she added.