Ethiopia launches online investment guide to stimulate FDI

19 Feb 2019

Investors hoping to explore one of Africa’s fastest-growing economies can now acquire easy access to reliable and up-to-date information with a new online investment guide (iGuide) to Ethiopia.

Launched on 19th December at the headquarters of the United Nations Economic Commission for Africa (UN-ECA), the new iGuide will highlight areas for reform in the country’s investment environment helping the government understand investor needs.

“The investment guide is about making relevant, up-to-date content available to existing and potential investors,” said Fitsum Arega, Ethiopia’s then Investment Commissioner, adding, “It should help us bridge the gap between foreign investors and small and medium enterprises.”

The website covers topics such as the rules and procedures for starting a business, taxes, acquisition of land, local skills and wage expectations, quality of infrastructure, investor rights and business sectors with exceptionally high investment potential.

Those who wish to obtain more detailed information can consult newly uploaded documents, such as relevant laws and extensive feedback collected among investors on the ground.

Officials at the Ethiopia Investment Commission developed the guide’s content, designed to make the information easily updateable.

“The guides help countries attract better quality and greener foreign investment and provide investors with information that is otherwise scattered across many different websites or outright not available,” UNCTAD Deputy Secretary-General Isabelle Durant said at the launch.

At the launch, ECA Executive Secretary Vera Songwe said the online guide was a “demonstration of taking Africa to the digital age”.

To date, UNCTAD has produced 16 investment guides in Africa, Asia and the Caribbean, of which seven, including Ethiopia, have been created in partnership with the Economic Commission for Africa. UNCTAD’s data shows that countries benefiting from investment guides have a stronger foreign direct investment performance when compared to the benchmark trends for all developing countries.

The iGuide for Ethiopia can be accessed on http://www.theiguides.org/ethiopia

Latest News

Browse all
A ceremonial hand-over of locks of hair belonging to Emperor Tewodros II took place on 20th March at the National Army Museum, in the presence of H.E. Dr Hirut Kassaw. While in London, the Minister also visited St George’s Chapel at Windsor Castle - the resting place of the remains of Prince Alemayehu, son of Emperor Tewodros II.
21 Mar 2019
Ethiopians celebrate historic return of Emperor Tewodros’ Hair
Remarks by H.E. Dr Hirut Kassaw, Ethiopia's Minister of Culture, Tourism, and Sport, on the occasion of the official handover ceremony of locks of hair belonging to Emperor Tewodros II.
20 Mar 2019
Remarks by H.E. Dr Hirut Kassaw on the Occasion of the Official Handover of Locks of Hair Belonging to Emperor Tewodros II
The Minister of Culture, Tourism and Sport, Her Excellency Dr Hirut Kassaw Wondim, visited and held discussions with the British Library in London in her first engagement as part of a wider visit to cultural institutions in the United Kingdom.
19 Mar 2019
Minister signs MoU with British Library on Debut Visit to the United Kingdom
An agreement has been reached on the manner and style of the hand-over to Ethiopia, of locks of hair belonging to Emperor Tewodros II. It has been agreed that an inclusive hand-over ceremony will be held at the museum on 20 March, where H.E. Dr Hirut Kassaw, Minister of Culture and Tourism, will receive the human remains from the museum’s…
18 Mar 2019
UK’s National Army Museum to hand over locks of hair belonging to Emperor Tewodros II of Ethiopia
Yesterday, at approximately 08:44am local time, (05:44 GMT) an Ethiopian Airlines aircraft Boeing 737-800MAX, flight ET 302 en route from Addis Ababa to Nairobi, tragically crashed. 11 March has been declared a national day of mourning for the victims. A book of condolence has also been opened at the Embassy.
11 Mar 2019
National Day of Mourning Declared for Victims of Ethiopian Airlines Flight ET 302
We are delighted to host a special exhibition of historic and cultural artefacts at the Ethiopian Embassy in London, to commemorate the 123rd Anniversary of the Battle of Adwa from 9 - 17 March 2019.
8 Mar 2019
Event: Remembering Adwa
National Army Museum የአፄ ቴዎድሮስ ፀጉርን ለመመለስ መወሰኑ በሁለቱ ወዳጅ አገሮች መካከል እየጎለበተ የመጣውን የመግባባት መንፈስ ከፍተኛ ደረጃ ላይ መድረሱን እንደሚያመለክት በለንደን የሚገኘው የኢፌዴሪ ኤምባሲ አስታውቋል።
5 Mar 2019
የአፄ ቴዎድሮስ ፀጉር ወደ ኢትዮጵያ ሊመለስ ስለመሆኑ፣
The Ethiopian Embassy welcomes the unanimous decision by the Trustees of the National Army Museum to return locks of hair belonging to Ethiopia’s Emperor Tewodros II. For Ethiopians everywhere, a display of jubilant euphoria is to be expected when the hair is returned to its rightful home in Ethiopia.
4 Mar 2019
Ethiopia Secures Repatriation of Remains of Emperor Tewodros II
ለንደን የሚገኘው የኢትዮጵያ ኤምባሲ ከዳያስፖራው ጋር ውይይት ለማካሄድና በጋራ መንቀሳቀስ የሚቻልበትን ሁኔታ ለመፍጠር የአንድነትና የሰላም ድልድይ ግንባታ መድረክ አዘጋጅቷል፡፡
27 Feb 2019
የአንድነትና የሰላም ድልድይ ግንባታ መድረክ በለንደን
The Ethiopian Embassy in London cordially invites all members of the Ethiopian community in the United Kingdom to an open forum held, in the spirit of togetherness, to foster greater peace and unity within the Diaspora. The Forum will be held on 16 March 2019 from 2pm.
26 Feb 2019
Diaspora Forum: Building a Bridge for Peace and Unity
Investors hoping to explore one of Africa's fastest-growing economies can now acquire easy access to reliable and up-to-date information with a new online investment guide to Ethiopia. The iGuide highlights areas for reform in the country’s investment environment, thus helping the government understand investor needs.
19 Feb 2019
Ethiopia launches online investment guide to stimulate FDI
PM Abiy led an Ethiopian delegation on a three-nation European Tour, in Italy where they met the President and the Pope, Davos where the Prime Minister addressed global leaders at the World Economic Forum and Brussels for meetings with the EU Commission.
13 Feb 2019
Prime Minister Abiy receives further support for reforms in latest whistle-stop tour of Europe