Gambella Region announced that it has granted investment licenses to 310 investors who registered 2.9 billion Birr capital.
From the granted investments, 290 investors were engaged in agriculture have received over 26 hectare of land.
Gambella Region’s Investment Commissioner Low Oubup (PhD) told the Ethiopian News Agency (ENA) that the licensed investors were engaged in mining and service sectors in addition to agriculture.
Close to 50% of investors who received the licenses are becoming operational; whereas the rest are in progress, according to Low.
Once all the licensed businesses begin to operationalize at upmost capacity, they will create jobs to more than 27,850 people.