Ethiopian Investment Commission
የኢትዮጵያ ኢንቨስትመንት ኮሚሽን | |
 | |
| Formation | 1992 |
|---|---|
| Type | Government agency |
| Headquarters | Addis Ababa, Ethiopia |
Region served | Ethiopia |
Commissioner | Hanna Arayaselassie (until 2024) |
Deputy Commissioner | Dagato Kumbe |
| Tassew Negewo Gemeda | |
Revenue (2019) | 103 million USD[1] |
| Website | www |
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.
Background
[edit]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
[edit]- Mekonnen Manyazewal (1992–1995)
- Tefera Walwa (1995–1998)
- Kassahun Ayele (1998–2002)
- Abi Woldemeskel (2002–2006)
- Belachew Mekuria (2006–2012)
- Mohammed Seid (2012-2013)
- 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 – 25 January 2024)
- Hanna Arayaselassie (25 January 2024 – 18 October 2024)
References
[edit]- ^ "Ethiopia Earns 103 Million USD Export Revenue from Industrial Parks". Ethiopian News Agency. Retrieved 8 January 2024.
- ^ a b "INVESTMENT GUIDE". 8 January 2024.
- ^ "Doing Business in Ethiopia: Overview". content.next.westlaw.com. Retrieved 2024-01-08.
- ^ "AN INVESTMENT GUIDE TO ETHIOPIA" (PDF). 8 January 2024.
- ^ "Time to Invest in Ethiopia" (PDF). 8 January 2024.
- ^ "Ethiopia". United States Department of State. Retrieved 2024-01-08.
- ^ "European Innovation Council (EIC) Work Programme 2023" (PDF). 8 January 2024.
- ^ "Ethiopian Investment Commission – IAIP". Retrieved 2024-01-08.
- ^ "Major features of Ethiopia's new investment law" (PDF). 8 January 2024.
- ^ "ETHIOPIA'S NEW INVESTMENT FRAMEWORK" (PDF). 8 January 2024.
- ^ "WHAT DOES IT MEAN FOR FOREIGN INVESTORS?" (PDF). 8 January 2024.
- ^ Admin (2018-09-13). "Belachew Mekuria resigned as Ethiopian Investment Commission head". Borkena Ethiopian News. Retrieved 2024-01-08.