Japanese solar panel manufacturer Toyo Solar has launched pilot production at its newly established facility in the Hawassa Special Economic Zone, following a USD 60 million investment in Ethiopia.
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The Ethiopia-China Economic and Trade Forum commenced yesterday at the Skylight Hotel. The forum was jointly organized by Ethiopia’s Ministries of Foreign Affairs and Trade & Regional Integration, alongside the Ethiopian Investment Commission (EIC), the Ethiopian Chamber of Commerce and Sectoral Association (ECCSA), and the China Council for the Promotion of International Trade (CCPIT).
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A new oil factory, built at a cost of Birr 150 million, has been officially inaugurated in Assosa town, Benishangul Gumuz region. The factory is expected to enhance local oil production and reduce dependency on external supplies.
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Dangote Group, Africa’s leading industrial conglomerate, has announced a major expansion in Ethiopia, reinforcing the country’s growing appeal as an investment hub.
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The Ethiopian Enterprise Development (EED) has disbursed over Birr 5.3 billion in operating loans to 712 small and medium-sized manufacturing enterprises in the first six months of the 2024/25 fiscal year. This financial support has contributed to the creation of 60,320 jobs within the sector during the same period.
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Ethio-Engineering Group (EEG) is gearing up to manufacture electric vehicles in Ethiopia, CEO Suleiman Dedefo announced.
