Bureau licenses 3.8 bln birr investment project

  • PDF

Addis Ababa, December 13 (WIC) - The Oromia State Investment Bureau said it has issued licenses to 96 investors with 3.8 billion birr registered capital during the past five years.

Bureau Government Communication Communicator, Mekonnen Fuffa, told WIC the investors were licensed to engage in agriculture, agro industry, manufacturing and service sectors.

The licenses were issued based on government’s priority area, number of jobs they create and their contribution towards import substitution efforts of the country.

The investors have already taken a total of 2,463 hectares of land and the projects by the investors are expected to create 20,967 jobs when completed, he said.

According to Mekonnen, the number of projects and their cumulative capital registered in the reported period more than doubled compared to same period the previous year.

He attributed the success to the new system which the bureau implements and efficient services provided by pertinent bodies at all levels.

Subscribe to get latest news

Visitors Counter

mod_vvisit_countermod_vvisit_countermod_vvisit_countermod_vvisit_countermod_vvisit_countermod_vvisit_countermod_vvisit_countermod_vvisit_countermod_vvisit_counter
mod_vvisit_counterToday7337
mod_vvisit_counterYesterday25055
mod_vvisit_counterThis week304199
mod_vvisit_counterLast week281452
mod_vvisit_counterThis month32392
mod_vvisit_counterLast month1147369
mod_vvisit_counterAll days( since may 28, 2013)13585851

We have: 237 guests, 1 members, 62 bots online
No: 54.197.147.196
 , 
Today: Aug 02, 2014