Ethiopia moves forward to join top doing business ranking countries

Commissioner Ms. Lelise NemeAddressing the business webinar jointly Organized by Ethiopian Embassy in UAE and Abu Dhabi Chamber, Investment Commissioner Lelise Neme said Ethiopia is aggressively working to join top doing business ranking countries soon. Ethiopia has also been opening up more areas for Foreign Director Investment (FDI) sector, she said.>

Saying that Ethiopia has undertaken decisive reforms to create conducive and enabling environment for FDI, Commissioner Lelise said new areas which were reserved for domestic actors have been now opened up for foreign investors.

The Macro-economic, structural and sectoral reforms undertaken by the government are based on the homegrown economic reform agenda. One of the challenges investors are facing which is the Forex Imbalance has been addressed through the macroeconomic reform drive, she said.

Actions being taken to control the inflation, improve access to finance and ensure debt sustainability are enabling the role of the private sector in the economy, according to the commissioner.

The doing business measures are addressing problems in the FDI, she said adding that Ethiopia has seen biggest paradigm shift in the revision of restrictive legal frameworks such as regulations and proclamations of the investment and trade sector, Lelise noted.

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