Ethiopia pipped Kenya last year as the largest recipient of Foreign Direct Investment (FDI) within the East African region, according to a new report released by financial consulting firm Ernst and Young. Ethiopia attracted $7 billion compared to Kenya’s $2 billion. On the reforms that are making Ethiopia a top investment destination, Global Chairman of Fairfax Africa Fund, Zemedeneh Negatu joins CNBC Africa’s Arnold Kwizera for more.
Ethiopia beats Kenya to top FDI destination in East Africa
PUBLISHED: Wed, 18 Sep 2019 10:44:23 GMT