Addis Ababa Investment Commission (AAIC) has announced a target to draw Birr 8 billion in investment capital this fiscal year, focusing on key sectors such as manufacturing, services, urban agriculture, and construction. The announcement was made by Enatnesh Tamene, the Commission’s Plan and Budget Director.

According to the Director the Commission is prioritizing fast and efficient services to investors, including online access to investment information and payment options through cash, POS machines, and mobile platforms such as Telebirr and CBE Birr. The initiative aims to attract capital while creating job opportunities across these critical sectors.

“We are committed to improving job creation by providing consistent support and project follow-up. Most of our services are now delivered through technological solutions to streamline operations,” Enatnesh said. AAIC is also advancing its digital transformation, with a focus on automating the investment licensing process and digitizing its registry.

To tackle challenges such as foreign currency shortages, AAIC has supported businesses in paying duties and taxes, while collaborating with institutions to address land and credit access issues, aiming towards ensuring a more investor-friendly environment in the city.

Source: The Ethiopian Herald