Tigray investment office licenses 597 businesses with 14 bln br capital

Addis Ababa, Monday, 11 July 2011 – Tigray Regional State Investment office said it has issued investment license to 597 local and foreign investors with a combined capital of over 14 billion birr this budget year. Compared to the performance of last budget year, this year’s performance showed an increase of nearly 20 percent. According to Moges Mesfin, investment work process owner of the office, business projects have shown a six percent increase while capital soared by over 127 percent. Moges told WIC that the investors are especially engaged in agriculture, construction, hotel and tourism, industry and social service sectors. “The projects have created job opportunities to over 54,851 people,” Moges said.(waltainfo.com)