NAIROBI: Ethiopia has secured USD13 billion worth of investment deals, the state investment commission said, after a conference aimed at attracting capital into a range of economic sectors.
Like other frontier economies in Africa, the East African nation has been seeking to boost foreign direct investment, particularly in manufacturing, to create jobs for its growing population. Neighbouring Kenya held a similar drive last week, announcing deals worth USD2.9 billion.
The deals signed by Ethiopia at the conference in Addis Ababa, which ended on Friday, span “manufacturing, agriculture and agro-processing, energy, construction, and other strategic sectors,” the Ethiopia Investment Commission (EIC) said in a statement seen by Reuters on Sunday.
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