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By Tsegay Hagos
ADDIS ABABA – The Afar State announced that domestic and foreign investors have engaged in various investment projects over the past two decades.
Addressing The Ethiopian Herald as 81 investors with 551.2 million Birr Capital were involved in agriculture, construction, small industry, mining, services and tourism in 2017/18.
Investment projects created employment opportunities for 305,947 people He added that although the state has immense investment potential, it has not attracted investors who have the ability to exploit the blessings.
"Our state has enormous unexploited natural resources and vast tourism potential: it is the origin of humanity where Lucy, aged 3.5 million. years, was discovered. He added, adding that "after understanding this fact, the state government has made efforts to increase investment." As a result, many brand-name hotels were built by private investors in Semera, the capital of Afar, to energize the tourism and hospitality sector. In addition, investors are involved in other sectors "
According to him, the state government has offered various packages of incentives to encourage investors and this trend will continue to the 39
He pointed out that basic infrastructure, road and water are being expanded to make investment projects a success
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