Joint forum discusses FDI challenges

Addis Ababa, October 28, 2020 (FBC) -The joint forum that was established to tackle challenges of foreign direct investment (FDI) in Ethiopia held its regular meeting today.

Gedu Andargachew, Minister of the Foreign Affairs of Ethiopia, and Ambassador Girma Biru, macroeconomic advisor to Prime Minister Dr Abiy Ahmed led the discussion.

The meeting thoroughly discussed the challenges that foreign investors are facing in the country.

Lelise Neme, Commissioner of the Ethiopian Investment Commission (EIC) presented a paper regarding the overall investment situation in Ethiopia.

She touched upon the effects of the COVID-19 pandemic on investment activities in the country.

State Minister of Foreign Affairs, Tsion Teklu, also presented some case studies on the challenges of doing business for foreign investors in Ethiopia.

The meeting ends charting out further engagements to better address bottlenecks to foreign investment in the country, according to the Ministry of Foreign Affairs.