Ethiopian Investment News – Page 2 – Intrinsic Consultancy

August 15, 2019

Ethiopia Amends Investment Law to Encourage Private Sector

Ethiopian Investment Commission (EIC) said that the Government of Ethiopia has been amending the investment law in order to improve the investment and business climate and enhance the role of the private sector.

While speaking at Ethio-Investment Exhibition and Forum held in Addis Ababa, Ethiopian Investment Deputy Commissioner Temesgen Tilaye said the investment law has been amended with a view to enhancing business and investment in the country.

August 9, 2019August 9, 2019

Ethiopia Plans To Build Four Industrial Parks

Ethiopia plans to build four industrial parks this budget year, according to Industrial Parks Development Corporation (IPDC).

The Corporation, together with scholars and stakeholders, is reviewing last year’s performance of industrial parks in Ethiopia.

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.

June 7, 2019

Ethiopian Investment Commission Launches Online Investment Service Platform

Ethiopian Investment Commission (EIC) has launched an online service platform where investors can apply for new investment permit including expansion and business licenses.

The platform aimed at providing efficient and reliable investment for investors regardless of geographical locations, according to EIC.

May 29, 2019May 29, 2019

KPR Group Inaugurates $2.5 million Built Plant In Mekelle Industrial Park

KPR Group, an integrated textile manufacturing company from India, inaugurated today its plant built at a cost of $2.5 million at the Mekelle industrial park, Tigray regional state.

KPR made its first apparels export from Mekelle industrial park to the European Union market in January 2019. It has so far exported more than 200,000 units in two-rounds, it was noted at the inauguration ceremony.

May 28, 2019May 28, 2019

Ethiopian government says EU-Ethiopia business forum to lure European investors

The Ethiopian government on Tuesday revealed that its business and investment promotion team at the European Union (EU)-Ethiopia Business Forum, which kicked off Tuesday in Brussels, envisaged to lure more European investors to Ethiopia.

The Ethiopian Investment Commission (EIC), in a statement issued on Tuesday, disclosed that the EU-Ethiopia Business Forum, being held from May 14 to 15 in Brussels, capital of Belgium where the EU headquarters are located, would enhance European investments to the East African country.