2merkato

The Busan Economic Promotion Agency (BEPA) Footwear Industrial Promotion Center has announced its intention to launch a footwear production capacity-building project in Ethiopia. The project, which will be funded with a USD 10 million grant from the Republic of Korea Official Development Assistance (ODA), aims to enhance the competitiveness of Ethiopia's leather and leather products industry, particularly the footwear sector. The project will begin in 2023 and continue until 2027, providing the necessary training and assistance to local footwear producers and officials to improve their productivity and effectiveness.

The Oromia Industrial Parks Development Corporation (OIPDC) has signed agreements with five investors to invest in 11 sectors at the Bulbula Integrated Agro Industrial Park (BIAIP). The agreements were signed by OIPDC CEO Senayt Mebre and the head of Oromia Investment and Industry Bureau Ahmed Idris.

A new electric cable manufacturing factory is set to be built in Gondar city. The factory, which will be constructed by Jantekel Warka Trade Co., S.C., will cost Birr 300 million.

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.