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Investment opportunities
Areas of investment reserved for domestic investors (where
in Foreign Nationals of Ethiopia origin have also the
privilege to participate)
The
government has embarked on a comprehensive reform program with
the aim of reducing cost of doing business. The environment,
which has been made conducive for Ethiopians abroad, has thus
made an upsurge in the number of Ethiopian investors under their
category over the last four years.
►Retail
trade and brokerage;
►Wholesale
trade (excluding supply of petroleum and its by-product a well
as wholesale trade by foreign investors or their products
locally produced
►Import
trade;
Export trade of raw coffee, oil seeds, pulse,
hides and skins bought from the market, live animals;
►
Hotels, motels, pensions, tea rooms, coffee shops, bars, night
clubs and restaurants;
►
Travel agency, trade auxiliary and ticket selling services;
►
Car-hire and taxi-cabs transport services;
►
Commercial road transport and inland water transport services;
►
Bakery products and pastries for domestics market;
►
Grinding mills;
►
Barber shops, beauty salons, and provision of
smith, workshops and tailoring services;
►
Building maintenance and repair, and maintenance of vehicles;
► Saw
milling and timber making;
►
Customs clearance services;
►
Museums, theatres and cinema hall operations;
►
Printing industries.
Without the prejudice to the above, the following areas of
investment are exclusively reserved for Ethiopian Nationals.
a) Interest Bearing Non Resident Fixed
Foreign Currency Account,
b)
Non interest Bearing Non Resident
Foreign Currency Account
c) Non-Repatriable Birr Account in
Ethiopia as well as to do business in money transfer services or
both.
►
Banking, insurance, micro-credit, and saving service;
►
Broadcasting services using aircraft with a seating capacity of
up to 20 passengers.
The Ethiopia government calls upon peoples living
abroad to actively participate and contribute to the development
of the country. There is a good opportunity for them because
they have the money, the knowledge and the patriotism to invest
in their count.
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