Amhara Industry Parks Development Corporation leased 35.58 hectares of developed land to eight companies in Bure Integrated Agro Processing Industrial Park (IAIP). The companies have a collective capital of Birr 5.4 billion and are expected to employ 1,989 citizens.
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Shacman Group and BEAEKA General Business PLC collaborate to assemble heavy machineries and vehicles in Ethiopia. Based on the implementation agreement signed between the two companies, 1,500 heavy trucks including cassoni, lobed, sewage cargo vehicle, and hybed will be assembled within a year during the first implementation phase while 3,000 vehicles will be assembled annually when the second implementation phase commences.
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BGI Ethiopia, a subsidiary of the Castel Group, injected Birr 500 million into Meto Abo Brewery. BGI’s investment is used to remodel and expand the Brewery by enhancing the company’s capacity and improving its brand. The company is purchasing new machineries and generators which are expected to increase production capacity.
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Jimma Industrial Park, a 1.5 million square foot (75ha) wide establishment set in place mainly for textile and garment production, is jointly inaugurated by Prime Minister Abiy Ahmed of Ethiopia, Ismail Omar Guelleh of Djibouti and President Omar al-Bashir of Sudan. The three leaders also launched the construction of the 79 km Jimma – Agaro-Dedesa road project, which will be built at a cost of 1.37 billion birr. Speaking on the occasion, Prime Minister Abiy has remarked that, “The two development projects showcase Ethiopia’s strong commitment to transform Jimma and its surroundings towards industrialization.” Lelise Neme, CEO of Ethiopian Industrial Parks
Turkish textile and garment companies are planning to move their factories to Ethiopia, with the assistance of Ayka Addis Textile and Investment Group, a Turkish company that made the same move three years ago.
Ayka submitted a proposal for the relocation of several Turkish textile and garment companies to the Ministry of Industry which has been already accepted. Add a comment Add a commentOptic fiber cable manufacturing plant built at a cost of 2.7 billion Ethiopian birr is scheduled to go operational in September 2013, Ethiopia Radio and Television Agency reported.
The plant will produce 24 thousand km optic fiber cable annually, when it becomes fully operational. Add a comment Add a comment
