Ethiopian Business Review

Ethiopian Business Review

Ethiopian Business Review

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Ethiopia’s Major Tax Revenue Sources in 2011/12

Thursday, 01 November 2012 11:45 Published in Focus
Ethiopia’s Major Tax Revenue Sources in 2011/12

Ethiopia’s Major Tax Revenue Sources in 2011/12
Source:ERCA
Illustration by EBR

Ethiopia’s Major Tax Revenue Sources in 2011/12

Thursday, 01 November 2012 11:45 Published in Statistics
Ethiopia’s Major Tax Revenue Sources in 2011/12

Ethiopia’s Major Tax Revenue Sources in 2011/12
Source:ERCA
Illustration by EBR

Top 10 FDI Sources in Ethiopia in 2011/12

Thursday, 01 November 2012 13:18 Published in Statistics

The foreign direct investment  (FDI) in Ethiopia, in 2011/12, was hugely dominated by two countries. Perhaps, contrary to what many people might think, Turkey and India took 58.75 per cent of the total FDI capital registered in the last fiscal year. If we see the data of only the top 10 total capital, the two countries’ contribution increases to more than 81 per cent. In terms of job opportunities, 62 Indian projects which created employment opportunities for 46,131 people (over 28 per cent of the total jobs FDI brought in the year) leads the group, while Turkish investors with 22 projects created 12,004 people is the  second. Investment from neighbouring Sudan which created 11,645 jobs was the third.
Though the Ethiopian Investment Agency should be credited for facilitating the Turkish and Indian investment to grow, the need to diversify sources of FDI is equally important. Huge dependency on few countries will create its own problem at the end. What if these few countries are hit by an unexpected economic meltdown?