Diasporas engage in Ethiopia’s priority investment sector

(Photo: Anteneh Aklilu)

Aimed to increase the engagement of the diaspora community in trade and investment activities in Ethiopia, the Ethiopian Investment Commission held a four-day diaspora investment and exhibition forum which started Tuesday January 11, 2022 stretching to Friday January 14 at skylight hotel Addis Ababa.
Opened with a view to promoting investment potentials in different sectors across Ethiopia, the four-day event served more than 700 participants of the diaspora community by promoting priority sectors identified by the Ethiopian government.
Lelise Neme, Commissioner of Ethiopian Investment Commission, and Ministers from various government organizations presented reports on several investment opportunities identified as priority sectors for Ethiopians in the Diaspora to engage in the Ethiopian market. Presentations were made from the ministries of: Health, Mining, Tourism, Trade and Regional Integration, Agriculture, Industry, as well as the Ethiopian Industrial Parks Development Corporation (IPDC). Furthermore, EIC held panel discussions regarding investment opportunities on the sectors.
According to the commission, the priority sectors identified are health, mining, tourism, trade, agriculture, and manufacturing.
Commissioner Lelise Neme during the occasion called on the Diaspora to invest in their areas of interest and promote the untapped economic potential in Ethiopia as ambassadors.
“EIC aspires for more private sector engagement in the priority sectors,” said the commissioner whilst speaking about the first five months of this year’s performance.
The commission has attracted 1.34 billion dollars in Foreign Direct Investments up from 1.1 billion dollars last year same period showing growths of 21.8 percent.