Peace agreement pivotal in enhancing Ethiopia’s foreign direct investment flow: Commission

Addis Ababa, November 13, 2022 (FBC) – The Ethiopian Investment Commission confirmed that the peace agreement reached between the Ethiopian government and TPLF will play an integral role in boosting Ethiopia’s foreign direct investment flow.

A joint forum of national investment executive bodies, where regions and city administrations participated, was held in Gondar city.

The Deputy Commissioner of the Commission, Temesegen Tilahun, said at the forum that the peace agreement will create a massive opportunity to attract more foreign investors.

The deputy commissioner mentioned that foreign direct investment requires peace more than anything else.

He said that the foremost demand from foreign investors to be engaged in an investment in a country is peace and stability.

According to the report by ENA, the peace agreement is promising and will create a favorable opportunity to offset the flow of foreign direct investment that has slowed down since COVID-19 and the conflict in the north.