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
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.”
Continue reading “SGS opens new textile laboratory in Hawassa Industrial Park”
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.
Continue reading “Germany Vows to Shore up Ethiopia’s Industrial Parks Development”
Parks and concerning stakeholders said easing hurdles facing the parks is important to make the industrial parks productive and competent abroad.
Economic growth in Ethiopia is progressing at an impressive rate, where industrial parks are satisfying the interest of international investors in the country’s economy. Attracting FDI is at the core of Ethiopia’s industrialization strategy, which is supported at the highest level and in particular by the Prime Minister.
Continue reading “Ethiopian Industrial Parks Development Corporation is working to ease challenges facing industrial parks”
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.
Continue reading “Ethiopia Amends Investment Law to Encourage Private Sector”
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.
Continue reading “Ethiopian Investment Commission Launches Online Investment Service Platform”
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.
Continue reading “KPR Group Inaugurates $2.5 million Built Plant In Mekelle Industrial Park”
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.
Continue reading “Ethiopian government says EU-Ethiopia business forum to lure European investors”