The land is public property in Ethiopia [Gebreselassie 2006]; both rural and urban lands are made available to the investors at a competitive price on a Lease-Hold basis. The Lease or Rental value of land and fixed assets may transfer to the third party, but not the land. Incidentally, about the capital requirement, to assist investors to decide to invest on their own or jointly with the domestic investors the minimum capital required for a single project has been apprehended. Under the Investment Proclamation No.769/2012 of Financial Statements Preparation, any foreign investor to be allowed to invest in the country in conformance to this proclamation, shall be required to allocate the minimum capital of 200,000 US$ for a single project …show more content…
Besides the consistent contribution of the socioeconomic growth and development, these two Asian countries created various opportunities for the nation and catalyzed the transformation of technology and industrialization in Ethiopia. Chinese foreign investment in Ethiopia is dominating big investment projects in the country, such as manufacturing, production of beverages and foods, shoes, leather and textile productions, leather tanning, telecommunication sectors (ZTE and Huawei as an example), metal products, chemicals, construction of hotels (including resorts, motels and lodges) and restaurants, real estate, machinery and equipment rental and consultancy service. In addition to direct investment in major activities of the investment sectors, Chinese firms are also active participants in some investment areas which exclusively reserved for the government. Comparatively, Indian firms are also actively participating in certain investment projects which are floriculture, agriculture, plastics, cotton and textiles, paper products, health care, infrastructure projects (urban and rural road constructions), telecommunication project, project consultancy and others. Furthermore, the Indian investment projects included large
There would be many possible implications on the Chinese economy if they expanded their infrastructure investment. Expanding infrastructure investment may increase Chi-na's attractiveness as a destination for FDI. Other countries such as India have to com-pete for the same investment; China and India have similar comparative advantage’s i.e. low labour costs however an investment on infrastructure could put China at an advantage as firms would rather allocate in a destination with a better infrastructure. If firms decide
Southeast Asia have gained the technology and capital that, over a period of time and development,
Ethiopia is a country of 102 million people and is known for its ancient culture, especially the fact that human origins lead to the African nation. Ethiopia sits in of the most economically vibrant regions of the world and exports vital resources to major economic powerhouses such as India, China and the United States of America. The growth rate of Ethiopia in terms of Gross Domestic Product was 8 % in 2015. It is one of the fastest growing nations in Africa currently. Ethiopia has maintained good economic relations with the African countries and has considered sustainable development to be of utmost importance for the growth of Africa as a continent.
Public lands that allow us to easily access natural amenities have received more attention recently in the sense that they provide quality of life for residents and recreational opportunities for tourists. These characteristics of public lands provide economic benefits for communities adjacent to public lands. These communities refer to gateway communities, which have economic ties to public lands and provide necessary services for visitors to public lands (Kurtz, 2010; U.S. House of Representatives, 2005). Examples include towns abut to national and state forests, monuments, parks, wildlife refuge, lakeshores, scenic riverway, and recreation area (Kurtz, 2010). These communities generally have a smaller population base and yet are “hotspots” that experience rapid population and economic growth (Hester, 2013). In addition, they have characteristically relied on relatively few or even a single source to drive the local economy (Kurtz, 2003).
The members of the upper house are elected by the state parliamentarians, whereas the lower house representatives, also known as “the people’s representatives”, are elected by private citizens allowed to vote at age 18. The United States of America has worked very close with the Government of Ethiopia providing many items over the years such as food, military training, funded education, and millions of dollars attempting to assist with the widespread famine, poverty, and illiteracy that infests Ethiopia. Media outlets are controlled and operated by the parliamentary style government which limits the amount and type of information that citizens can access as the existing powers have been extremely firm in completely controlling all free
In recent years, the investment scales of foreign business are increasing stably. In 2001, the foreign direct investment was 46.8 billion dollars. In 2005, it has arrived at 85.5 billion dollars. At the same time, the form and field has changed diversification. With the China economy high speed developing and enlarging the industry field, the foreign investment will related to communication equipment, computer, bank service, insurance service, etc. so it will also increase for a long time.
Ethiopia is located in the horn of Africa and there are living over 75 million people. It’s one of the populous countries in sub-Sahara Africa. Most of the people, over 85% are living in countryside. Ethiopia is one of the least developed countries in the world. Ethiopia has lots of poverty, estimated 47% of people are living under the poverty line. Poor nutrition, low education levels, widespread poverty and difficulties to get health care services are caused, that the life expectancy is 54 years.
The country is a key investor within the East African commmunity, while the largest chunk of intraregional trade is due to Kenya. However, economic
Zimbabwe’s economy has finally shown signs of growth in the past two years thanks to improvements in agriculture, tourism and especially mining. However, poverty and unemployment remain widespread. Zimbabwe will require foreign investment in order to continue its upward trend since Zimbabwean banks simply do not have enough funds to lend to the private sector, which hinders the growth potential of businesses. Foreign companies will also create jobs for the local population and create a trickle down effect that will benefit entire communities as money flows into the economy.
In the aftermath of a bloody terrorism period that the country had to go through in the 90’s until the early 2000s, Algeria embarked on a reconstruction program to revive its old and outdated infrastructure, offering the traditional trade partner the opportunity to become an increasingly important investor in the country.
Ethiopia with a growth rate of 8.5 percent per year is one of the 12th fastest growing economies in the world in 2012. As major sectors of the economy, the agriculture, industry and services sectors contribute 4.9 percent, 13.6 percent and 11.1 percent respectively (Geiger and Moller, 2013). With this growth pace, the country aims to achieve the mid economy class countries in 2025 (Ministér, 2011). The growth and transformation plan (GTP) gives vital attention to the manufacturing sectors to be the basic engine of economic growth and the cement manufacturing industry considered to contribute to the success of this plan (Ministér, 2011).
Kenya has recently experienced a surge in foreign direct investment (FDI) following a period of substantial declines in FDI inflows near the turn of the century. Net FDI flows to Kenya have not only been highly volatile but also generally declined in the 1980s and 1990s. Kenya’s total FDI as a percentage of GDP rose from 4.21 percent in 1980 to 7.39 percent in 2000 however this declined to 5.17 percent in 2006 and currently FDI as a percentage of GDP is a 7.52 percent (UNCTAD, 2014). The investment wave of the 1980s dwindled in the 1990s as the institutions that had protected both the economy and the body politic from arbitrary interventions were eroded. The FDI inflows to Kenya since 2008 have considerably improved from $96Million to $514Million in 2013. In recent years, China has emerged as a key source of FDI in Kenya.
In the wake of the aforementioned factors and address resulting problems, previous and present governments of Ghana have made attempts to streamline the system through land policies and projects. The Land Administration Projects (LAP) is currently being implemented (Government of Ghana, 2008). This
Ethiopia is in east-center Africa, bordered on the west by the Sudan, the east by Somalia and Djibouti, the south by Kenya, and the northeast by Eritrea.
Foreign investors are, therefore, welcomed to invest in most sectors of the economy except in the following areas which are reserved for domestic investors (of Ethiopians foreign nationals who are Ethiopian by birth and wish to be treated as domestic investors as well as a foreign nationals permanently residing in Ethiopia). Meanwhile there are also sector in which both foreign and domestic allowed to work in partnership. This includes: