Ethiopia’s online investment guide, iGuide, which seeks to help investors discover opportunities in the country, business costs, key procedures and laws they may need to know before committing to invest, was officially unveiled in Addis Ababa on December 21.
The iGuide was developed by the EIC with support from the ECA and the United Nations Conference on Trade and Development (UNCTAD) and wasdesigned to attract productive investment into the country.
The web-based investment promotion tool was launched in the presence of Mr. Shumete Gizaw, Ethiopia’s Minister of Innovation and Technology; Mr. Fitsum Arega, Commissioner of the Ethiopian Investment Commission (EIC); and Ms. Vera Songwe, Executive Secretary of the United Nations Economic Commission for Africa (ECA). Minister Shumete said,” This tool will serve to enhance the efficiency and effectiveness of the Ethiopian business ecosystem and help build impactful relations with investors and assist Ethiopia in its quest to become a major manufacturing hub.”
Ms. Vera, Executive Secretary of UNECA stated that the iGuide should help to promote domestic women-led businesses by providing digital space in which women can seamlessly interact.
Mr. Fitsum on his part said that many African countries were already undertaking important reforms to enhance their business environment and Ethiopia was no exception to this trend.
Following on the heels of Madagascar and Mauritania, Ethiopia has become the seventh African country to launch its iGuide in 2018. (Ministry of foreign affair)