Ethiopia records five-fold increase in FDI in a decade


Ethiopia’s Foreign Direct Investment (FDI) inflow showed a five-fold increase in a decade, data released by Ethiopia Investment Commission (EIC) on Friday showed. FDI inflow in the Ethiopian Fiscal Year (EFY) 2007/2008 was 814.6 million U.S. dollars but that figure has increased to 4.17 billion dollars in EFY2016/17 that ended July 8.