Shalom Health Care, a private limited company, broke ground on a USD 250 million medical equipment manufacturing plant in Hawassa, Ethiopia, last week. The plant, which is expected to be completed in two years, will create 5,000 jobs and help to alleviate the country's reliance on imported medical equipment.
Russian automakers are exploring the possibility of establishing an assembly plant in Ethiopia. In early April, representatives from renowned Russian car manufacturers Lada and GAZ Group expressed their interest in investing in the Dire-Dawa Free Trade Zone in Ethiopia. During their meeting with the leadership of the Ethiopian Industrial Parks Development Corporation, the representatives expressed their desire to manufacture various products and supply them to the Ethiopian market.
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Huajian Group, a Chinese footwear company, revealed its plans to expand its investment in Ethiopia and establish the country as a major manufacturing hub in Eastern Africa.
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Gelila Manufacturing PLC, a local company which is engaged in shoe manufacturing, signed a lease agreement with the Industrial Parks Development Corporation to establish a shoe factory on 6,900 square meters of land in Bole Lemi Industrial Park.
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The Ethiopian Sugar Industry Group announced its commitment to completely replacing the country's sugar demand with domestic production within the next five years by scaling up sugar production from the current 3.6 million quintals to 13 million.
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AGY, a company that produces table salt, has announced its plans to start manufacturing table salt at Semera Industrial Park. Once AGY reaches full capacity, it is expected that it will create more than 350 job opportunities for citizens.
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