ETHIOPIA: ADDIS-ABABA NULLIFIES 1,178 INVESTMENT LICENSES
Addis Ababa City Administration Investment Commission has nullified a total of 1,178 investment licenses for failure to kick-off the projects. Ethiopia’s investment law demands that any project that fails to commence, the licence will be void. Hence, Addis Ababa City Administration Investment Commission standing by this law has revoked 1,178 investment project license. The commissioner of Addis Ababa City Administration Investment Commission, Abdulfeta Yesuf, stated that 1,598 new investment projects with an accumulated sum of USD818…
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