Ethiopia’s FDI Inflows In Better Shape

Ethiopia’s FDI Inflows In Better Shape

• Business
• April 05, 2023

Following the peace agreement, Ethiopia’s Foreign Direct Investment (FDI) flows have been steadily increasing , the Ministry of Finance (MoF) said.

MoF Minister Ahmed Shide told the local media that the accord has also encouraged a number of international investors to invest in Ethiopia and created conducive environment to have good relationships with international financial organizations as well.

Moreover, the country’s foreign exchange earnings have seen improvement during the last 8 months, he said. Talking about the current inflation rate in the country, Ahmed Shide said that the government has managed to control the alarming inflation taking various measures.

He further said that among the measures, approving direct importation of some food commodities through the franco-valuta has been contributing a lot in improving supply and control inflation.

It was learnt that due the current relative peace, Ethiopia has improved relations with development partners like the International Monetary Fund (IMF) and others. These financial organizations have started providing loans and other financial supports.

Referance:Ethiopian Herdel ( March 31, 2023)