Economy

Ethiopia Attracts Over $1.4 Billion in FDI During First Quarter

AI SUMMARY

Ethiopia attracted over $1.4 billion in foreign direct investment during the first quarter of the current fiscal year, exceeding its initial target.

Over $1.4 billion in foreign direct investment entered Ethiopia in the first quarter of the current fiscal year.
The Ethiopian Investment Commission stated that the government's target for the quarter was $900 million.
The actual FDI attracted exceeded the planned target by $532 million.
During the same period in the previous fiscal year, the country attracted $961 million in foreign direct investment.