Addis Ababa, November 4, 2016 (FBC) –Companies which were affected by the unrest occurred in some areas of the country are returning back to business, according to the Ethiopian Investment Commission (EIC).
They began production within a short period of time after the unrest as a result of the consultation held with pertinent government institutions, investors and ambassadors of countries where the investors came from, said Teka Gebreyesus, Deputy Commissioner of the Commission.
Companies which engaged in horticulture development in Bahir Dar town and Oromia Regional State have started exporting their products to the global market, he noted.
Moreover, manufacturing companies whose machinery damaged partially and fully during the unrest have been importing machines to replace the damaged ones, he said.
Since the unrest is temporary and doesn’t reflect the image of the country, memoranda of understanding were signed with companies from America, China and other nations. These companies are preparing to enter into production, he said.
The Deputy Commissioner further said the government is organizing symposiums, workshops and business conferences to promote Ethiopia’s investment opportunities and attract additional new investors.
The government will make awareness raising campaign to sensitize the public on the significance of foreign direct investment (FDI) in terms of job creation, generating foreign currency and promoting technology transfer so that they will give protection for investment areas, he said.