Industry Park – Intrinsic Consultancy

January 22, 2020

CCECC To Build Industrial Park In Dire Dawa

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

December 24, 2019

Ethiopia is well positioned to become the textile and apparel manufacturing hub of Africa

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.

December 24, 2019

Ethiopia’s Industrial Parks are Making Jobs a Reality

Ethiopia is one of the fastest growing countries in the world. Its current population of over 100 million is expected to double in the next 30 years, hitting 210 million by 2060. Due to this accelerated surge in population growth, the country is facing a critical challenge of creating enough jobs.

The Ethiopian government identified industrialization as the means to transform the economy, reduce poverty, provide jobs, and achieve the ambitious aim of transitioning the economy to lower-middle-income status by 2025. But growth in the manufacturing sector lags.

December 5, 2019

SGS opens new textile laboratory in Hawassa Industrial Park

SGS, a leading inspection, verification and certification company, has opened a new textile laboratory in Ethiopia. The new laboratory is equipped with state-of-the-art facilities and can provide a wide range of testing services for apparel and textile products. It will strengthen the local industry’s ability to meet the global standards.

“Ethiopia is becoming a hub for ready-made garment exports to Europe and the USA, clearly demonstrating an increase in demand for consumer product testing services in this region,” said Spencer Yeung, Vice President of SGS Global Softlines. “Our new state-of-the-art facility can test against an array of international safety, quality and compliance requirements. In addition, our program of future development and investment ensures that this lab will be the only fully-fledged textile testing laboratory in the region.”

November 21, 2019November 21, 2019

Chinese engagement driving Africa’s industrialization

Amid Africa’s growing quest to boost the manufacturing sector, experts from the continent and beyond have commended Chinese engagement in giving Africa a helping hand.

Speaking to Xinhua on Wednesday, Arancha Gonzalez, Executive Director of International Trade Center (ITC), emphasized China’s growing engagement and interest in Africa’s existing and emerging potential areas driving the continent’s industrialization.

November 21, 2019

Ethiopia to Build Integrated Agricultural Processing Industrial Parks in Four States

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.

November 8, 2019November 8, 2019

Ethiopia Attracts Over 3 billion US dollars Foreign Direct Investment

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.

October 23, 2019

Germany Vows to Shore up Ethiopia’s Industrial Parks Development

German Development Cooperation (GIZ) has expressed its continued commitment to support investors who are keen on engaging in Industrial Parks of Ethiopia and its inclusive development.

Program Manager for Special Initiative Job Creation and Sustainable Program at GIZ, Ulrich Plein told Ethiopian News Agency that GIZ is working with Industrial Park Development Corporation, Ethiopian Investment Commission to improve industrial parks development.