Marcopolis presents the Ethiopia Report focused on the investments, doing business, economy and other topics featuring interviews with key executives and government officials. The sectors under review are industry, telecom, banking sector, ICT, investments and more.
Developed in conjunction with Ext-Joom.com
According to Getachew Regassa, Secretary General of Addis Ababa Chamber of Commerce and Sectoral Associations, Ethiopia government has various packages of incentives for investors who think of Ethiopia as their next investment destination. Ethiopia offers different tax breaks, import duty exemptions and service facilitation for investors upon arrival to the country. In addition, another service relates to the issuance of licenses enabling the foreign investor to start a business.
When it comes to tax holidays, they can last for up to 5 years. The duty tax is exempt on all equipment that these companies import. There is strong facilitation for the manufacturing industries to have an access to land.