Investment Commissioner Lelise Neme briefed dozens of investors from European countries and representatives of EU organizations about the conducive investment opportunities in the country.
In her welcoming remark, the commissioner said investment policy reforms undertaken since 2018 focused on creating a conducive environment for attracting Foreign Direct Investment in priority sectors.
The modernization of Ethiopia’s investment regime, the ongoing efforts to create a user-friendly investment environment by improving ease of doing business, and the decision to privatize state-owned enterprises are the most important reform measures undertaken in 2019, according to the commissioner.
The approval of a new investment proclamation in January 2020 signals the country’s major shift in investment policy, she further noted.
“The new proclamation has opened sectors and activities that were previously closed for foreign investors,” Lelise said, adding that it eased investors to identify allowed areas of investment and introduced a transparent dispute settlement mechanism.
The HomeGrown Economic Reform has also created favorable conditions for Foreign Direct Investment (FDI) in Ethiopia.
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