-
Investments of $500 million matched same period a year earlier
-
Anti-government demonstrators have attacked foreign businesses
Workers of Africa Juice, a Dutch owned, Ethiopia-based juice company, are pictured tossing fruit that have been damaged by protestors, on October 19, 2016 near Adama. Reportedly over 2000 protestors stormed the compound in the days of unrest following the stampede which occurred in Bishoftu, Ethiopia on 2 October 2016 after police fired teargas into an overcrowded festival venue. Ethiopia is facing its biggest anti-government unrest in a decade, from the majority Oromo and Amhara ethnic groups which feel marginalised by a minority-led government. / AFP / Zacharias ABUBEKER / TO GO WITH STORY BY KARIM LEBHOUR (Photo credit should read ZACHARIAS ABUBEKER/AFP/Getty Images)
Foreign investment in Ethiopia is stalling after a series of demonstrations against international companies.
Investment was about $500 million in the three months ended Oct. 10 compared with the same period a year earlier, according to Investment Commissioner Fitsum Arega. Foreign investment had gained 20 percent a year on average for the past six years, including a 50 percent jump last year, he said by phone from Addis Ababa, the capital.
