Ethiopian Investment Commission

The Ethiopian Investment Commission (Amharic: የኢትዮጵያ ኢንቨስትመንት ኮሚሽን, EIC) is an Ethiopian autonomous government organization established in 1992 to promote private investment, mainly working for foreign direct investment in Ethiopia.

Ethiopian Investment Commission
የኢትዮጵያ ኢንቨስትመንት ኮሚሽን
Formation1992 (1992)
TypeNon-governmental organization
HeadquartersAddis Ababa, Ethiopia
Region served
Ethiopia
Commissioner
Abebe Abebayehu
Deputy Commissioner
Dagato Kumbe
Tassew Negewo Gemeda
Revenue (2019)
103 million USD[1]
Websitewww.invest-ethiopia.com

Background

The Ethiopian Investment Commission (EIC) was established in 1992 to foster private investment sector in Ethiopia.[2] EIC is responsible for offering one-stop services to investors, issuing investment permits, registering technology transfer agreements and facilitating the acquisition of land, utilities and other service for investor.[3][4] EIC act as liaison between investor and government agencies and offers informative and motivative information and guidelines for opportunities.[5][6][7] EIC is administered by a commissioner who is a member of board. The commissioner reports to the Prime Minister.[8][2]

On 2 September 2020, EIC has published an update of its regulatory structure under Regulation No. 474/2020 based on liberalization of Ethiopian economy for foreign investors, while retaining joint venture with the government and domestic investors.[9][10] Under the regulation, the EIC directs every aspect of foreign investments such as permit application and national content requirements.[11]

List of commissioners
  • Mekonnen Manyazewal (1992–1995)
  • Tefera Walwa (1995–1998)
  • Kassahun Ayele (1998–2002)
  • Abi Woldemeskel (2002–2006)
  • Belachew Mekuria (2006–2013)
  • Fitsum Arega (February 2013 – 25 April 2018)
  • Belachew Mekuria (25 April 2018 – 11 September 2018)[12]
  • Fitsum Arega (5 November 2018 – 24 December 2018)
  • Abebe Abebayehu (26 December 2018 – present)

References
  1. "Ethiopia Earns 103 Million USD Export Revenue from Industrial Parks". Ethiopian News Agency. Retrieved 8 January 2024.
  2. "INVESTMENT GUIDE". 8 January 2024.
  3. content.next.westlaw.com https://content.next.westlaw.com/practical-law/document/I75ded72997b211e8a5b3e3d9e23d7429/Doing-Business-in-Ethiopia-Overview?viewType=FullText&transitionType=Default&contextData=(sc.Default). Retrieved 2024-01-08. {{cite web}}: Missing or empty |title= (help)
  4. "AN INVESTMENT GUIDE TO ETHIOPIA" (PDF). 8 January 2024.
  5. "Time to Invest in Ethiopia" (PDF). 8 January 2024.
  6. "Ethiopia". United States Department of State. Retrieved 2024-01-08.
  7. "European Innovation Council (EIC) Work Programme 2023" (PDF). 8 January 2024.
  8. "Ethiopian Investment Commission – IAIP". Retrieved 2024-01-08.
  9. "Major features of Ethiopia's new investment law" (PDF). 8 January 2024.
  10. "ETHIOPIA'S NEW INVESTMENT FRAMEWORK" (PDF). 8 January 2024.
  11. "WHAT DOES IT MEAN FOR FOREIGN INVESTORS?" (PDF). 8 January 2024.
  12. Admin (2018-09-13). "Belachew Mekuria resigned as Ethiopian Investment Commission head". Borkena Ethiopian News. Retrieved 2024-01-08.
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