Ethiopia Exceeds Quarterly FDI Target by 59 Percent

The Ethiopian Investment Commission reported that the country attracted 1.432 billion USD in foreign direct investment (FDI) during the first quarter of the 2026/27 fiscal year, exceeding its 900 million USD target by 59 percent. During this period, the commission issued 179 new investment licenses, surpassing the target of 123. Additionally, 81 projects entered the implementation stage, while 66 commenced production, collectively creating over 22,000 new jobs. Deputy Commissioner Meleket Sahlu attributed the performance to improved investor support and efforts to resolve operational constraints. The commission also noted that export revenue linked to these activities reached 238 million USD for the quarter.