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

USD 29.4523  28.8748 
GBP 35.7044  35.0043 
EUR 33.2929  32.6401 
CHF 28.5234  27.9641 
CAD 20.2125  19.8162 
AED 7.2559  7.1136