DireTube News – Ethiopia predicts record .5bn overseas direct investment in 2015, DireTube News – Ethiopia predicts record .5bn overseas direct investment in 2015
Foreign direct investment into Ethiopia will reach a record .5bn this year, on the back of successful efforts by the fast-growing and populous African country to attract overseas manufacturing companies.
Only seven years ago, the country with a population of 94m drew only 8.5m in inward investments from overseas. But it has been growing at double-digit rates, thanks to increased relocation of factories, attracted by low wages, cheap power and supportive government policies.
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