Abstract
Investment has a very crucial role from the point of view of national economy. For any country, investment, as well as business ethics, is necessarily to create a good business environment. The rate of growth of the economy and employment is directly related to the level of investment and business ethics. This study mainly concerns about the contribution of private domestic investment towards multidimensional business opportunities including employment creation in Mettu Town of Ethiopia. Its main objective is to assess the contribution of private domestic investment towards employment creation in Mettu town. The research is conducted by using both primary and secondary data. Primary data are collected through interview and questionnaire and secondary data are gathered from published and unpublished materials. The researcher used purpose and systematic random sample techniques as a major advantage of easy administer relatively convenient and less time-consuming. The researcher collected data from 51 investors from a total of 106 investors in the service, industrial and agricultural sectors to assess the contribution of private domestic investments towards employment creation in Mettu town. The method of analysis is the descriptive analysis which includes statistical tools such as table and percentage with interpretation in order to achieve the objective of the study. The results from the descriptive analysis of private domestic investment towards business opportunities and employment creation are found significant despite different challenges of investment such as high-interest rate, lack of capital, high taxation, poor infrastructure, etc. Thus, to achieve private domestic investment the measures include government motivation, good investment policymakers who take a remarkable decision in order to facilitate the growth of investment which results in increasing the participation of private investors. Keywords: private domestic investment, business opportunities, business ethics employment opportunities, industrial sector, agriculture sector, and government policies.
Highlights
Investment refers to the purchase of several goods and services that can be used for the production of other goods and it increases the productive capacity of the economy
To develop the economy and stimulate the growth of the economic reform program was launched in 1992|93 which was further strengthened by the government to redress the structure bottlenecks of the Ethiopian economy (MOFD, 2000)
The recommendations of the research on the general operation of the PDI in Mettu town are as follows: The analysis indicated that the majority of the respondents’ sex is male and the majority respondent age is between 26-30
Summary
Investment refers to the purchase of several goods and services that can be used for the production of other goods and it increases the productive capacity of the economy. Since 2000, investment worldwide and especially in developing countries, which have a low income, has grown quickly, reflecting stronger economic growth and confidence in the renewed emphasized place on the private sectors by many developing country governments. Developing countries, emerging economies and countries in the transaction have come increasingly to see the private sector investment as a source of economic development and modernization, income growth, technology transformation and development (report of the committee on international investment and multinational enterprise, Dec., 2001). Private domestic investment is a key source of employment wealth creation and innovation as such as private investment can contribute to sustainable development and poverty reduction through pay tax to the government, capital investment, and construction of new factories, providing efficiency and increasing productivity
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