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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Ten local companies with a capital of over Birr 8.2 billion Birr have signed agreements with the Industrial Parks Development Corporation (IPDC) to operate in the industrial parks. The agreement aims to increase private sector engagement in IPDC and encourage local companies. Five of the ten companies will be engaged in manufacturing pharmaceuticals.
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Ethio-Engineering Group (EEG) and China Railway Rolling S.C. recently held discussions regarding the potential for producing electric buses in Ethiopia. The two parties reached a mutual understanding to establish an electric bus factory in the country.
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