Browsing: Investments opportunities in East Africa

The East African region is a vast region with massive resources, population, and an established commercial landscape that presents viable business opportunities for external investors. According to statistics both by the World Bank and IMF, the region was one of the fastest-growing in Africa with a high influx of foreign direct investments.

In the 2019 report, United Nations Conference on Trade and Development (UNCTAD) noted that the East African region including Ethiopia received $9 Billion in foreign direct investment with projections of this figure doubling over time. However, the effects of the Covid-19 has had a great effect both on the economic growth as well as the number of foreign investments into the region.

The African Development Bank, in its analysis of the effects of Covid-19, highlighted the rebound of the East African economy as one of the main points of observation of the continent's resilience. GDP growth for 2020