Addis Ababa, May 23, 2017 (ABN)
In a significant move aimed at reinforcing Ethiopia’s appeal to foreign investors, the Ethiopian Investment Board, during its latest meeting, has approved a pivotal amendment to Directive No. 1001/2016. The amendment, proposed by the Ethiopian Investment Commission, seeks to create a more attractive and balanced investment environment across the country.
The revised directive focuses on regulating foreign investor participation in wholesale, retail, import, and export sectors. The goal is to promote a healthy competitive system that not only levels the playing field but also ensures long-term sustainability in Ethiopia’s investment landscape.
According to officials, this decision reflects the government’s ongoing commitment to improving the ease of doing business in Ethiopia while encouraging strategic foreign direct investment that aligns with national development priorities.
The amendment is expected to stimulate greater investor interest and confidence, contributing to job creation, technology transfer, and economic diversification.
