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Ethiopia Investment Authority Reconsidering Land Lease Policy

The Ethiopian Investment Authority (EIA) has announced plans to implement a five-year strategic plan that aims to address the bottlenecks in attracting investment and promote investment activities in Ethiopia.

According to the report the strategic plan will attempt to forward proposals to remove problems in acquiring urban and rural land, taxation and bank loan policies. The program is a reaction by the Authority to bring the country's investment policy to a level comparable in other developing countries and thereby maintain competitiveness in attracting foreign investment.

At the heart of the strategic plan is resolving the problems surrounding the acquisition of urban and rural land for investment activities. The Authority will consider ways to make land easily accessible to potential investors. The existing land lease policy is widely held responsible for the slow pace of investment in Ethiopia.

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