Agency licenses 1.5 bln birr worth investment projects

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Addis Ababa, 24 December 2013 (WIC) - The Ethiopian Investment Agency said it has issued licenses for investment projects worth 1.5 billion birr in the first five months of this budget year.
Agency Corporate Communication Director, Getahun Negash, told WIC yesterday that the 337 projects licensed in the reported period are owned by foreign investors.
Getahun said the projects are in the areas of manufacturing, hotel and tourism, agriculture and construction, among others.
According to Getahun, the agency has been providing the necessary support to enable the investors commence implementation soon.
The agency has begun offering 27 services at its one-stop shop to alleviate the problems encountered by investors during the licensing process, the director said.
The Ethiopian Investment Agency has set a plant to proved license for 967 projects, it was learnt.

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