DEMAND FOR INFRASTRUCTURE: What are Infrastructure Needs and Programs?

Program NameEthiopian Investment Agency
Country/RegionEthiopia
Sovereign Long-Term Rating
S & P Local: n.a. S & P Foreign: n.a.
Moody's Local: n.a. Moody's Foreign: n.a.
Fitch Local: n.a. Fitch Foreign: n.a.
Includes Sub-Sovereigns?Yes
Sub-Sovereign Long-Term Rating
S & P Local: n.a. S & P Foreign: n.a.
Moody's Local: n.a. Moody's Foreign: n.a.
Fitch Local: n.a. Fitch Foreign: n.a.
Program DescriptionThe Ethiopian Investment Agency (EIA) is a government agency established in 1992 to promote private investment, primarily foreign direct investment. The overall activities of the Agency is supervised and followed up by an Investment Board, which is chaired by the Minister of Industry. The EIA is headed by a director general who is also a member of the Board.


Vision: To be a strong institution, which will make Ethiopia one of the leading investment destinations in Africa

Mission: To enhance investment, both foreign and local, in the country by promoting its resource potentials and investment opportunities, initiating policy and implementation measures to create conducive investment climate and providing efficient services to investors so as to bring fast and sustainable economic development in the country

Services offered:

1) Promoting the country’s investment opportunities and conditions to foreign and domestic investors;
2) Issuing investment permits, work permits, trade registration certificates and business licenses;
3) Registering technology transfer agreements and export-oriented non-equity-based foreign enterprise collaborations with domestic investors;
4) Negotiating and, upon government approval, signing bilateral investment promotion and protection treaties with other countries;
5) Advising the government on policy measures needed to create an attractive investment climate for investors; and
6) Assisting investors in the acquisition of land, utilities, etc., and providing other pre- and post-approval services to investors.

Investment opportunities exist in the following sectors:

1) Agriculture (Link: http://www.ethioinvest.org/agriculture.php)
2) Manufacturing (Link: http://www.ethioinvest.org/manufacturing.php)
3) Tourism (Link: http://www.ethioinvest.org/tourism.php)
4) Construction (Link: http://www.ethioinvest.org/construction.php)
5) Mining and Energy (Link: http://www.ethioinvest.org/mining.php)
6) Services (Link: http://www.ethioinvest.org/services.php) - Including education, health, telecommunications, Information and communication technology (ICT)
7) Privatization: The Government, as part of the macro-economic reform, has launched a program for the privatization of state owned enterprises. Pursuant to this program, a number of enterprises have been transferred to the private sector. Currently, there are many state owned enterprises in the pipe line to be privatized. These include food processing factories, beverage industries, textile factories, chemical industries, hotels, etc. (Link: http://www.ethioinvest.org/privatization.php, http://www.ppesa.gov.et/)

Program Source(s)http://www.ethioinvest.org/
Program Sector(s)n.a.
Overall Program Contact(s)Seid, Mohammed
A/Director General, Ethiopian Investment Agency
Email: ethiopian.invest@ethioinvest.org
Phone: +251 – 11 – 5539474
Program Project(s)n.a.
Program Web Siteshttp://www.ethioinvest.org/contact_us.php
http://www.ethioinvest.org/IIAs.php
http://www.ethioinvest.org/Operating_Environment.php
Entered On05/20/2013 at 10:03 AM
Updated On05/20/2013 at 10:04 AM