Capital Ethiopia Newspaper

Oromia tops in receiving foreign investment

Oromia has dwarfed the rest of the state in the country in terms of receiving Foreign Direct Investment (FDI) over the last decade (2004-2011), the Ethiopian Investment Agency said. In an exclusive interview with ENA, Corporate Communication Director with the Agency, Getahun Negash said Oromia has attracted 124.46 billion birr of the nearly 358 billion birr total FDI flow Ethiopia received in the last 10 years. The share of the state in the country’s total foreign investment flow to the nation constituted 34.76 percent. According to Getahun, Addis Ababa city Administration, which used to dwarf the rest of the states in terms of luring largest amount of FDI over a decade ago, ranked 2nd receiving 86.15 billion birr of the total foreign investment in which the nation got during the reported period.
(The Ethiopian Herald)