Ethiopia gears up to lure anchor investors (February 17, 2021)

Ethiopia has so far put in place twelve world-class industrial parks and has untapped potentials to become one of the centers of anchor investors in Africa, officials said.

In a recently released advertising film by the Ethiopian Investment Commission, Industrial Park Development Corporation Board Chairperson and Special Adviser to the Ethiopian Prime Minister, Arkebe Oqubay (Ph.D) said that Ethiopia has built a number of modern industrial parks with a view to luring anchor investors across the globe and it is also ready to welcome investment in all sectors.

He further said that having industrial parks which are fully equipped with modern infrastructure and some production facilities are part of the basic key elements to this end.

Noting the government’s commitments to work closely with investors and to improve the business climate, Arkebe said the basic infrastructure have been put in place in a bid to help investors to start production as fast as possible.

By the same token, Industrial Parks Development Corporation (IPDC) CEO and Ethiopian Investment Commission Commissioner Lelise Neme said that Ethiopia has been gearing up to lure anchor investors.She indicated that the 12 industrial parks in Ethiopia were built and equipped with infrastructure that meet international standard. Most importantly the parks being located closer to the Djibouti Port, offer special opportunity to investors.

“I just want to invite investors to see the opportunities Ethiopia offers and invest in Ethiopia thereby earning their profits as fast as possible,” she noted.