Libya plans to invest $ 00 million in Ethiopia

The Libyan Arab and Foreign Investment Company LAFIC said it is planning to invest a total of $ 100 million in Ethiopia to finance several projects.

The investments would go to the sectors of textiles, mining, plastic industry, agri-food, hotel, tourism and others, said a company's executive, Mustapha Elbaghdadi.

last Friday, a Libyan delegation, led by the company's chairman, reviewed in the Ethiopian capital with Prime Minister Meles Zenawi investment possibilities in the African country.

Ethiopia said it welcomes and encourages Libyan capital.