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Article: Impoverished Ethiopia stands first in Africa in cost effectiveness for FDI
- Article from:
- Xinhua News Agency
- Article date:
- September 12, 2005
CopyrightCopyright 2005 Xinhua News Agency. Provided by ProQuest LLC. (Hide copyright information)
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Impoverished Ethiopia stands first in Africa in cost effectiveness
for FDI
ADDIS ABABA, Sept. 12 (Xinhua) -- An investment magazine has put
Ethiopia first among African countries in cost effectiveness for
foreign direct investment, the Ethiopian Investment Commission said
on Monday.
The magazine, "Foreign Direct Investment," published by the
British-based Financial Times Business Ltd, said the impoverished
country ranks second for its favorability for foreign direct
investment among East and Central African countries, according to a
press release from the commission, the country's watchdog for foreign
investment.
In its 2005-2006 evaluation, the magazine said Ethiopia is
favorable for ...