Ethiopia Attracts $3.52 Billion FDI in Nine Months, Up 23.7% Year-on-Year

#EBR_News Apr 24, 2026

Ethiopia has attracted $3.52 billion in foreign direct investment during the first nine months of the 2018 Ethiopian fiscal year, marking a 23.7 percent increase compared to the same period last year, according to a performance review conducted by the Ethiopian Investment Commission.

Deputy Commissioner Dagato Kumbe stated that the Commission has successfully discharged its institutional responsibilities over the nine-month period, driven by the firm implementation of its Targeted Investment Promotion Strategy. He also noted that the Commission exceeded its target for issuing new investment permits, granting licenses to 372 investors against a plan of 371, achieving over 100 percent of its goal.

During the review, officials also highlighted that the "Invest in Ethiopia 2026" Forum, held earlier this year, resulted in the signing of new investment agreements worth a total of $13.1 billion.

Deputy Commissioner Zinabu Yirga emphasized that the Commission recorded significant achievements in investor attraction, job creation, transitioning investment projects into operation and production, and generating foreign exchange earnings. He added that revenue from the export sector, along with import substitution efforts through domestic production, enabled the institution to meet its set targets.

The performance review also noted strengthened aftercare services, corrective actions taken against non-compliant investors, and productive consultation platforms held with stakeholders and investment associations.

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