Addis Ababa, April 29, 2023 (FBC) – ‘Invest Ethiopia 2023’ international investment forum held in Addis Ababa for the last three days under the theme “Invest and Grow in Ethiopia – The Land of Attractive Investment Opportunities,” has successfully been concluded.
The forum has brought together investors, business leaders, policymakers, and entrepreneurs from around the world to explore and unlock investment opportunities in Ethiopia.
More than 600 new foreign direct investors have attended the forum that attracted several new investment projects.
In her closing keynote speech, Minister of Planning and Development, Fitsum Asefa said the forum creates incredible opportunity to showcase Ethiopia’s investment opportunities.
She added that discussion held during the forum provide valuable insight for investors about Ethiopia’s investment potential.
“Interactive panel discussion, B2B and networking and others were good opportunities for the investors to know more about Ethiopia.”
‘Invest Ethiopia 2023’ has helped the nation to showcase the most promising investment opportunities in Ethiopia, such as manufacturing, agriculture, energy, ICT, healthcare, transport and logistics, tourism and other emerging sectors.
The Ethiopian government is working on reform agenda and committed to create easy doing business environment for the investors, the minister stressed.
Homegrown economy to be launched soon promotes the private investment, she added.
The Minister explained about the immense potential of Ethiopia investment and invited investors to invest in the country.
It is indicated that similar international investment forum will continue next year and such engagements will also continue.
According to the Ethiopian Investment Commission, Ethiopia has attracted more than 4.1 billion USD Foreign Direct Investments (FDI) in 2021 and continued as the top FDI destination in East Africa.
The IMF has forecasted that Ethiopia will grow by 13 percent in 2023 and will be among the three fastest growing economies in Africa, the commission pointed out.
Ethiopia is the 3rd largest economy in sub Saharan Africa with a GDP of 156 billion USD.