#ethiopianinvestment – Page 2 – Intrinsic Consultancy

August 30, 2019

Chinese investors assess new Ethiopia industrial park

The creation of industrial parks, like this one at Bole Lemi, is part of the Ethiopian government’s vision to transform the country into a world-leading apparel and textile hub Chinese industrialists from Kunshan city, a major clothing manufacturing centre in southeastern Jiangsu province, are eyeing potential investments in Ethiopia’s Dire Dawa Industrial Park, China’s ambassador to Ethiopia has told just-style.

Tan Jian says a delegation from Kunshan city, led by its mayor Du Xiaogang, visited Ethiopia last month to probe investment and manufacturing opportunities at the hub, which is still under construction.

August 26, 2019

Garment wars: Japan backs Ethiopia’s effort to build up exports

Japanese trading house Itochu will provide support for Africa’s textile industry, starting in Ethiopia, which has emerged as an alternative production base to Asia, Nikkei has learned.

Apparel production has been shifting from China to other Asian countries, such as Myanmar. But rising wages in Asia have increased the appeal of Africa, which offers substantial savings on personnel.

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.