July 2019 – Intrinsic Consultancy

July 31, 2019

Hong Kong company takes Ethiopia’s Bahir Dar Industry Park

The Hong Kong-based Hop Lun have signed a memorandum of understanding (MoU) with the Ethiopia Industrial Parks Development Corporation (IPDC) to take over the entire factory sheds at Bahir Dar industrial park.

Chief Executive Officer of the Corporation, Lelise Neme, and head of the Amhara regional state Industry and Investment bureau with the rank of Deputy Chief Administrator, Melaku Alebel, oversaw the signing of the MoU in Bahir Dar.

July 17, 2019

Kunshan Investors To Build Industrial Park In Dire Dawa With Over Half A Billion US Dollars

Investors from Kunshan, a city in Jiangsu province of China, are set to build an industrial park dedicated to textile production in the city of Dire Dawa with over half a billion US dollars.

A delegation led by Du Xiaogang, Mayor of Kunshan, has visited Dire Dawa, about 500 km east of the Ethiopian capital, Addis Ababa.

July 17, 2019

Huajian takes over Jimma Industry Park

The Chinese shoemaker Huajian Group has taken over the management and operational activities of the USD 61 million Jimma Industry Park.

During the signing of the Memorandum of Understanding (MoU) , between the Huajian Group and the Industrial Parks Development Corporation (IDPC), Girma Amente (PhD) vice president of the Oromia Regional State told reporters that a relatively well-established Huajian in Ethiopia is likely to succeed in its acquisition of Jimma Industrial Park’s undeveloped part that encompasses a plot of some 40 hectares.