DireTube News – Ethiopia emerges Africa’s most favourable investment spot, DireTube News – Ethiopia emerges Africa’s most favourable investment spot
The recently concluded World Economic Forum (WEF) on Africa saw strong growth and investment winds gravitate towards Ethiopia, the famous political capital of Africa. Multiple media reports suggest that executives from General Electric, Dow Chemical, Standard Bank Group and MasterCard, who attended the event, singled out the East African nation as a market with strong growth potential.
In the last two years, Ethiopia has risen from the fourteenth place on the list of African foreign direct investment (FDI) recipients to the second place and the number of projects in the country have spiked by 88 percent. This is a direct result of a flourishing economy and a well-funded government.
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