21/01/2023
The investment objective of the Federal Democratic Republic of Ethiopia is to improve the living standard of the peoples of Ethiopia by realizing a rapid, inclusive and sustainable economic and social development. The particulars of the objective include the following:
1/ To enhance the competitiveness of the national economy by promoting investments in productive and enabling sectors;
2/ To create more and better employment opportunity for Ethiopians and advance the transfer of knowledge, skills and technology required for the development of the country;
3/ To increase foreign exchange earnings by encouraging the expansion in volume, variety and quality of the country’s export products and services;
4/ To save foreign exchange through local production of import substitutes;
5/ To augment the role of the private sector in the country’s economic development;
6/ To exploit and develop natural, cultural, and other resources of the country;
7/ To create an integrated economy by strengthening inter-sectoral and foreign-domestic investment linkages;
8/ To encourage socially and environmentally responsible investments.
