The EIC has restructured itself recently with a view to becoming more effective at attracting FDI and improving the services provided to investors.Meet Our Team
The Investment Promotion Agency of Ethiopia
Gateway to attractive FDI opportunities
For nearly 30 years, the Ethiopian Investment Commission, EIC, an autonomous government institution with the mandate of investment promotion and regulation, has serviced over 5,000 foreign direct investments in the country.
Since its establishment in 1994, the EIC have been structured to creatively promote strategic investment opportunities in Ethiopia and respond quickly to the needs of new and existing investors. Working under the Ethiopian Investment Board, chaired by the Prime Minister of Ethiopia, the EIC has been at the forefront of creating conducive investment environment for FDIs.
Due to the continuous investment reforms and support we are providing, Ethiopia has become the one of the top five investment destinations in Africa, and the top in East Africa. In 2021, we have been able to attract over $4.1 billion in FDI in various priority sectors including agriculture, manufacturing, mining, tourism and hospitality.
In 2021, the EIC was awarded the Gold Award of the WAIPA-World Bank’s ‘Strengthening IPA’s Advocacy Services’ Global Competition for its relentless endeavor to reform the investment regime in the country. The EIC has been the recipient of the ‘2018 AIM Investment Award’, the ‘2017 United Nations Award’, and the Global ‘Star Reformer Award’ from the World Bank Group in 2017 for its continued outstanding performance in investment promotion, FDI attraction and advocacy work.
Forward-looking and Service-driven
We are driven by our 10-year development plan. Our focuses is on four key success factors of investments in our economy.
How we help investors
We Call, You Come, We Help
We know investing. We know the investment journeys our investors take. So, we help companies through their full investment life cycle. We ensure nothing less than 110% investors’ satisfaction.
Meet Our Team
It takes a village to raise an investorWe bring the entire government behind our investors—to help them start, grow and succeed.
CommissionerWe bring the entire government behind our investors—to help them start, grow and succeed.
Deputy Commissioner 1We bring the entire government behind our investors—to help them start, grow and succeed.
Deputy Commissioner 2We bring the entire government behind our investors—to help them start, grow and succeed.
The Ethiopian Investment BoardWe bring the entire government behind our investors—to help them start, grow and succeed.
Our DirectorsThe EIC also rallies enabling institutions in the country providing critical infrastructure and other services, supporting organizations providing training, research and development and innovation and the private sector to ensure investors have everything they need in their investment journey.
In addition, the EIC provides the following free, confidential and customized services to investors:
- Provision, through our website, various publications, or through direct response to investor’s inquiries, of information on sector-specific business opportunities, business incorporation procedures and related regulations, and employment regulations.
- Hand-holding and supporting the investor during the acquisition of land and utilities (water, electrical power, and telecom services); the processing of loans and residence permit applications; the approval of environmental impact assessments studies for investment projects; and the issuance of a tax identification number (TIN).
Get In Touch
assistance and answer your questions