AMN Plus-April 24, 2026
Senior leadership of the Ethiopian Investment Commission (EIC) has conducted a performance review of the institution’s nine-month operational plan for the 2018 fiscal year.
During the review, EIC Deputy Commissioner Dagato Kumbe stated that the Commission has successfully discharged its institutional responsibilities over the nine-month period and achieved a strong result by attracting $3.52 billion in Foreign Direct Investment (FDI).
The Deputy Commissioner noted that this performance represents a 16% increase compared to the same period of the previous fiscal year. The Deputy Commissioner emphasized that the result was driven by the Commission’s firm implementation of its Targeted Investment Promotion Strategy.
Dagato further indicated that in terms of issuing new investment permits, the Commission exceeded its plan by achieving over performance granting licenses to 372 investors against a target of 371 within the nine-month period.
On his part, Deputy Commissioner Zinabu Yirga highlighted that over the past nine months, the Commission recorded significant achievements in investor attraction, job creation, transitioning investment projects into operation and production, and generating foreign exchange earnings.
He also explained that the revenue generated from the export sector, along with efforts to substitute imports through domestic production, enabled the institution to meet its set targets.
In addition, the review noted that during the “Invest in Ethiopia 2026” Forum, new investment agreements worth a total of $13.1 billion were signed. Other major accomplishments include strengthened aftercare services, corrective actions taken against non-compliant investors, and productive consultation platforms held with stakeholders and investment associations.
Finally, both Deputy Commissioners emphasized the importance of building on the achievements of the first nine months while addressing identified challenges, to effectively fulfill the Commission’s national mandate and responsibilities as to Ethiopian investment commission reported it.
