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Ethiopian Investment Commission Signs MoUs with Four Chinese Companies

eic-signs-mous-with-four-chinese-companiesThe Ethiopian Investment Commission (EIC) signed memoranda of understanding (MoUs) with four Chinese companies on the margins of the Belt and Road Forum (BRF) in Beijing, China.

The four companies with which EIC signed the MoUs are Taison Group and Green Diamond, Amity Printing, CGCOC Group and Zhende Medical Products Manufacturing. These four have decided to invest in Ethiopia, the commission announced.

According to agreement, Taison Group and Green Diamond will establish a large-scale bamboo pulp-paper manufacturing in Assosa, Benishangul Gumuz regional state with a capacity to manufacture 1 million tons pulp paper per annum.

Amity Printing will set up a printing factory in Ethiopia, CGCOC Group establish a fully integrated livestock and meat processing plant with an annual slaughtering capacity of 300,000 cattle and 3 million sheep in Awash, Fentale.

Zhende Medical Products Manufacturing agreed to invest in a pharmaceutical plant in Kilinto Industrial Park to manufacture wound care, surgical sensory, pressure therapy and fixed products, according to EIC.


Source (Including Image): Facebook Page of Ethiopian Investment Commission (EIC)