A Consultancy firm based in Addis Ababa
Shangtex Holding Co. Ltd has signed a lease agreement with the Ethiopian Industrial Parks Development Corporation to invest at Bole Lemmi II Industrial Park.
Shangtex is the second largest textile company in China.
The agreement was signed here by Lelise Neme, CEO of the Corporation and representative of the Chinese company.
Lelise said on Twitter that the company will invest $65 million at the industrial park and create jobs for more than 4,000 people.
Source – Fana Broadcasting Corporate
China Civil Engineering Construction Corporation (CCECC) on signed an agreement with Ethiopia Dire Dawa city administration to construct an industrial park in the city.
The agreement was signed by Ahmed Bohh, Deputy Mayor of the Dire Dawa City Administration and Guo Chongfang, CEO of CCECC.
CCECC has a plan to build the industrial park on a total of 370 hectares of land.
The Dire Dawa industrial park will mainly be used as a textiles manufacturing
Continue reading “CCECC To Build Industrial Park In Dire Dawa”
The International Trade Center (ITC) organized, under the Partnership for Investment and Growth in Africa (PIGA) project, a dialogue on Ethiopia’s potential to become the next textile and apparel (T&A) supply base for the world. The discussion was organized in collaboration with the Ethiopian Investment Commission (EIC) and the China Chamber of Commerce for Import and Export of Textile and Apparel (CCCT).
The event gathered more than 100 international buyers, potential Chinese investors, representatives of Chinese and foreign-owned companies in Ethiopia and representatives of Ethiopian institutions. It was followed by field visits to T&A factories in several industrial parks around Addis Ababa.
Continue reading “Ethiopia is well positioned to become the textile and apparel manufacturing hub of Africa”
The project fund was originally pledged during an event organized by Ethiopian Ministry of Trade and Industry . The event was organized by the Ministry of Trade and Industry after African Development Bank pledge for project funding.
Minster of Trade and Industry, Fetlework G/Egziabher, the state minster, higher level regional officials and project managers were present during the pledging ceremony.
The sponsorship for the project for agricultural processing comes from the African Development Bank, the Korea Exim Bank, the European Union, the United Nations industrial Development Organization (UNIDO) and Big Wynn.
Continue reading “Ethiopia to Build Integrated Agricultural Processing Industrial Parks in Four States”
Ethiopia attracted 3.1 billion US dollars Foreign Direct Investment (FDI) in the concluded Ethiopian fiscal year which ended July 7, 2019.
Ethiopian Investment Commission disclosed today that Ethiopia is the biggest FDI recipient in east Africa nations and the fifth largest FDI destination in Africa as a whole.
A new front has opened in the U.S.-China trade war as companies shifting manufacturing to Vietnam engage in a fierce battle for skilled labor, aggravating an existing shortage and prompting calls for education reforms to address the problem.
Vietnam has emerged as one of the largest beneficiaries of the trade spat between Washington and Beijing.
Continue reading “Choke point: Vietnam skilled labor squeezed by Sino-U.S. trade war”
Ethiopia to host International Textile Machinery Exhibition (ITME) Africa 2020, which scheduled to be held from 14th to 16th February.
The exhibition is organized by India ITME Society in collaboration with Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA).
Continue reading “Ethiopia to Host International Textile Machinery Exhibition (ITME)Africa 2020”
Ethiopia earned 140.6 million US dollars in export revenue from industrial parks in the concluded Ethiopian fiscal year, ended July 7, 2019, according to Ethiopian Investment Commission.
Ethiopian Investment Commission Public Relations Director, Mekonnen Hailu said that the performance of the export from the industrial parks exceeded that of same period last fiscal year by 57 percent.
Continue reading “Ethiopia Secures Over $ 140 Million USD Export Revenue from Industrial Parks”