ADDIS ABABA – The House of Peoples’ Representatives ratified yesterday the investment law that envisages to further opening up the economy and attracting more FDI to the country.
The law received a sweeping majority voting in favor with 10 voting against and a single abstention. The proclamation with 57 articles in ten parts will, among others, create enabling investment landscape to private participation and accelerate the country’s all-round development, The Ethiopian Herald learnt.
A joint report by the House’s Trade and Industry Affairs Standing Committee, and Revenue, Budget, and Finance Standing Committee indicated that the law will also promote the transfer of technology and skills and creation more jobs while contributing to the coming of transparent and effective investors to the landscape.
The Ethiopian Herald, Friday Edition, January 31/2020
BY ABDUREZAK MOHAMMED
