Ethiopia Ranked as one of the Top 5 FDI Host Economies in Africa.

June 24, 2021

Ethiopia has set a goal to become a middle-income country by 2025, and the government of Prime Minister Abiy Ahmed launched the Homegrown Economic Reform Plan in 2019, which is backed by a $3 billion three-year IMF-approved program.

The Ethiopian Investment Commission launched a new FDI tracking tool in January 2021, the result of a collaboration with the Partnership for Investment and Growth in Africa project, which is part of Manufacturing Africa – a UK Foreign, Commonwealth, and Development Office-led initiative.

Although economic growth predictions for Ethiopia have been revised downward in light of the Covid-19 outbreak, the country’s “growth prospects remain better than those for most Sub-Saharan African states,” according to the US Department of State’s 2020 Investment Climate Report. According to the research, the nations that bring the most FDI to Ethiopia are China, Saudi Arabia, and Turkey.

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