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Ethiopia: Over 200 Investment Projects Commence Production

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The Ethiopian Investment commission says over 200 investment projects with over 20.7 billion birr cost have commenced production.

In his exclusive interview with WIC, Public Relations Directorate Director of the Commission, Getahun Negash, said that the commission had scheduled to enable 300 investment projects be completed and start production with 24 billion birr during the last fiscal year.

He noted that 215 investment projects with 20.8 billion birr cost have commenced production, which is 72 percent of the commission’s schedule.

122 projects are engaged in the manufacturing sector, 85 in service delivery and 8 in agriculture, Getahun added. These industries have created job opportunities for 23,262 citizens, it was noted.

As compared to the previous fiscal year, capital of the investment projects has shown 11 percent increment and 5 percent decline is witnessed in the number of projects.