Ethiopia's annual expenditure of Birr 1.3 billion on production machinery, primarily imported, has sparked discussions on leveraging capital equipment lease finance to bolster the country's manufacturing sector.
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Over the past eight months, domestic sales of products manufactured at the Arerti Industrial Park reached Birr 1 billion. The industrial park sits on 150 hectares of land and is located in Arerti, Oromia. It specializes in Textiles, Ceramics, and Woodwork.
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Bishoftu Automotive Manufacturing Industry (BAMI) has launched a pilot project to produce safari cars, aiming to meet the growing demand for locally-made touring vehicles in the expanding tourism sector.
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Ethiopia's Deputy Prime Minister, Temesgen Tiruneh, announced a significant shift for the Ethio-Engineering Group, revealing their upcoming transition to assembling electric vehicles and machinery.
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The Mekele Industrial Park in Ethiopia is back in business. After a two-year pause due to the Tigray conflict, the Industrial Parks Development Corporation (IPDC) announced the park's successful return to full-scale production. Existing companies have already restarted operations, and the park is attracting fresh interest from new investors.
The Tana Beles sugar factory, envisioned as a solution to Ethiopia's sugar supply woes, has yet to launch operations this year due to unforeseen challenges.
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