We are responsible for promoting Ethiopia in the global market as a top destination for foreign direct investment. We provide specialized services to companies looking to invest in Ethiopia and investors located in the country and looking to expand their operations.
The Investment Promotion Agency of Ethiopia
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Gateway to attractive FDI opportunities
Since its establishment in 1994, the EIC has been an active, dedicated and specialized promoter of Ethiopia and its strategic investment opportunities in Ethiopia. As such, it has responded quickly to the needs of both new and existing investors. Working under the Ethiopian Investment Board (which is chaired by the Prime Minister of Ethiopia), the EIC has been at the forefront of creating a conducive investment environment for FDIs.
Our active support for the improvement of the country’s business environment and our commitment to an ambitious reform agenda have helped make Ethiopia one of the top five investment destinations in Africa, and the top in East Africa. In 2021, we were 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 Advocacy Services’ global competition for its relentless endeavor to reform the investment regime in the country. The EIC had previously received 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
Making Ethiopia the top preferred investment destination in Africa by improving the investment climate and attracting, retaining, and growing productive investments.
Providing quality services to investors and ensuring their growth, increasing FDI's economic contribution in the forms of jobs, export earnings, and income.
We are driven by our 10-year development plan. Our focuses is on four key success factors of investments in our economy.
Increasing Annual FDI inflow to
USD 21 billion by 2030
Improving ease of doing business in Ethiopia and increasing our competitiveness
Achieving 25% year-on-year growth of export earnings and generating USD 2.8 billion by 2030
Creating over 520,000 jobs through foreign investment
How We Help Investors
We work to increase the economic contribution and integration of FDIs, creation of forward and backward linkages and building/ increasing access to local and international markets.
Retention & Expansion
We support investors with their operations, identif and resolve investors' challenges and proactively engage with FDIs to explore expansion opportunities and realize their investment goals.
We develop value proposition, identify potential investor bases and support investors to understand the investment potential Ethiopia holds by organizing and facilitating missions and site visits.
We hand-hold investors through their investment validation phase (e.g. feasibility) by facilitating key meetings and supporting identification and negotiation of key resources and removing barriers to entry.
We provide the required registration including commercial registrations, investment permits, business licenses and work permits, and facilitate incentives.
How We Help Investors
Meet Our Team
- enabling institutions in the country providing critical infrastructure and other services
- supporting organizations providing training, research and development, and innovation; and
- the private sector.
Ethiopian Investment Board
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