PM Launches Initiative to Improve Business Climate

PM Launches Initiative to Improve Business Climate

Addis Ababa December 26/2018 Prime Minister Abiy Ahmed launched today an initiative to improve Ethiopia’s business and investment climate.

The initiative is an integral part of Ethiopia’s Action Plan for Jobs, according to Office of the Prime Minister. The initiative is expected to make Ethiopia a competitive place to start and grow businesses.

PM Abiy said Ethiopia ranks 159 out of 190 in “Ease of Doing Business” and described the environment as inefficient, bureaucratic and cumbersome.

The national program will have 80 distinct actions to be delivered across 10 government agencies.

Abiy said Ethiopia has untapped investment opportunities, but weak system. “So the system and law need to be reviewed within the next 100 days.”

The revisions will include trade law, banking and credit system, tax collection, power supply and others, it was indicated.

Arif7 News Network

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