Top 10 FDI Source Countries, from July 9, 2012- July 5, 2013

Foreign Direct Investment (FDI) into Ethiopia has started to grow since the liberalization of the Ethiopian economy. Investors from abroad invested 894 billion Birr in Ethiopia since 1992. Turkey played a dominant role by investing 29.5 billion Birr in 2012/13 fiscal year, which was 42.6Pct of the total capital register last year.

Turkish investors have been engaged mostly in the manufacturing activates such as textile in recent years. Two years ago, AYKA Textile Industry and Trade, one of Turkish textile giant,

moved its garment production units to Ethiopia creating 1,500 employment opportunities. The 34 investment projects implemented by Turkish investors last year also helped the country to create 11,926 permanent and 3,924 temporary job opportunities. The FDI from Turkey showed an 8Pct increment when compared with 2011/12 fiscal year. In 2011/12 fiscal year, Turkey also holds the first spot by investing on 22 projects

worth of 27.3 billion Birr.

China, whose economic cooperation with Ethiopia is now expanding, follows Turkey by investing on 155 projects worth of 6.9 billion Birr in 2012/13. China is still both the largest

import and largest export trading partner of Ethiopia. Similarly, in 2012/13 China’s investment to Ethiopia has created 11,794 permanent and 8,287 temporary jobs. FDI from Chinese investors also showed a 349.5Pct increment

when compared with 2011/12 figure. 

Investors from Saudi Arabia by creating a joint venture with Ethiopian investors managed to invest on 11 projects with investment capital of 6.2 billion Birr. These projects created

6,206 and 65,482 permanent and temporary job opportunities, respectively. The FDI from the top three sources accounts 61.5Pct of the total FDI capital inflow into Ethiopia last

 

year. In total, 134 countries invested 69.2 billion Birr on 721 projects last year, which showed a 17.4Pct decline compared with 2011/12. These projects created permanent and temporary job opportunities for 66,794 and 130,190 peoples, respectively.

No

Country of Origin

Capital in

'000' birr

Permanent

Employment

Temporary

Employment

No of

Projects

1 Turkey 29,498,169 11,926 3,921 35
2 China 6,989,942 11,794 8,287 155
3 Saudi Arabia/Ethiopia 6,201,499 6,206 65,482 11
4 India 5,905,325 4,999 3,723 47
5 Sudan 2,436,405 7,288 9,392 97
6 Britain/British Virgin Islands/ South Africa/Ethiopia 2,228,223 255 90 2
7 South Africa/Ethiopia 2,192,507 459 100 2
8 Saudi Arabia 2,098,470 1,358 6,833 19
9 Germany/Ethiopia 1,962,504 1,570 3,025 5
10 Netherlands/Ethiopia 798,006 542 350 4
Total 60,311,049 46,397 101,203 376
Others 8,931,007 20,397 28,987 345
Grand Total 69,242,056 66,794 130,190 712
More in this category: « 1,089 60,000 »

Leave a comment

Make sure you enter the (*) required information where indicated.Basic HTML code is allowed.

Latest News

Ethiopia to Host the 4th International Coffee Conference

Ethiopia to Host the 4th International Coffee Conference

Ethiopia is set to host the 4th International Coffee Conference from March 6 – 8, 2016 in Addis Ababa at the United Nations Conference Center. Previous conferences were held  in England in 2001, Brazil in 2005 and Guatemala in 2010. Read more

Most Popular

  • 1
  • 2
Prev Next

The White-Box of Ethiopian Agriculture

The agricultural sector remains our Achilles heel, nonetheless, we remain convinced that agricultural-based development remains the only source of hope ...

Read more

For Whoever Has, to Him Shall be Given …

As the Ethiopian government seeks to transform the economy into one that’s rooted in manufacturing, the simplicity for local investors to access finance...

Read more

Commentary

  • 1
  • 2
  • 3
Prev Next

Shooting in the Dark: The Anomalies of Headhunting

The war for ‘heads’ – also known as talent – has been raging for many years and the manner headhunters ‘poach’ people is getting tougher ...

Read more

Understanding Chinese Investment in Ethiopia A Critical Evaluation of the World Bank’s “Chinese FDI in Ethiopia” Survey

The World Bank country office in Ethiopia, apparently in response to the request by the government of Ethiopia, has conducted a survey of...

Read more

Mitigating Growing Income Inequality: What Needs to Be Done

Rising income and wealth inequality in many countries around the world has been a long-term trend for three decades or more. But the atte...

Read more

View Point

  • 1
  • 2
  • 3
Prev Next

Delivering Life Insurance: The Untapped Market in Ethiopia

Modern insurance transaction in Ethiopia was started by an Egyptian Bank in 1905. According to Ethiopian Chamber of Commerce there were 19, 33 and 40 insuran...

Read more

Headache When a Key Personnel leaves a Company in the Financial Sector

The financial sector in Ethiopia has undergone considerable changes in recent decades. The dramatic rise of new market players into the sector has vividly al...

Read more

Women and the World Economy

In many countries, public debate about gender equality focuses mainly on women’s access to top positions and high-powered career opportunities. But the “glas...

Read more