10 Global Companies to Set Up Factories at Kilinto, Ethiopia

The Ethiopian Investment Commission (EIC) signed memoranda of understanding (MoUs) with ten global companies. The ten companies intend to set up factories within the confines of the Kilinto Pharmaceutical Industrial Park.

The Kilinto Pharmaceutical Industrial Park, which shall come to completion soon, rests on 337 hectares of land, Temesgen Hailu, EIC’s Deputy Commissioner noted. Once completed, the industrial park can accommodate over a thousand factories, Mr. Temesgen further said.

Situated just south of Addis, the Kilinto Pharmaceutical Industrial Park is being developed in collaboration with the World Bank Group, and its development is comprised of two phases.


Source: Fana BC

 

Exchange Rates

Selling
Buying
USD 29.8230  29.2382 
GBP 35.4331  34.7383 
EUR 32.9931  32.3462 
CHF 28.7222  28.1590 
CAD 20.3145  19.9162 
AED 7.3480  7.2039