Fana: At a Speed of Life!

Tigray licensed 38bn birr projects in 9 months

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Addis Ababa, May 16, 2019 (FBC) – The Tigray regional state has issued licenses for 1, 258 investment projects with a combined capital of 38 billion birr during the past nine months.

Haftom Fantahun, deputy head of the regional state’s urban development, trade and industry bureau, said the projects are in manufacturing, agriculture, social service, hotel, tourism and mineral exploration.

The projects are expected to create 143,530 permanent and 47, 561 casual employment opportunities, he said.

According to Haftom, investment flow to the regional state has doubled in the reported period compared to the same period the previous year.