2merkato

The Ethiopian Enterprise Development (EED) is actively engaged in fostering the establishment of new ventures to cultivate enterprises that contribute to foreign currency generation. During a recent stakeholder discussion, EED Director General Alebachew Nigussie (PhD) emphasized the organization's collaborative endeavors with partners to enhance the productivity of existing enterprises, with a particular focus on the manufacturing sector.

The Ethio Engineering Group (EEG) has set an ambitious target of generating more than Birr 14.6 billion in revenue from its operations during the current fiscal year, marking a substantial increase compared to the Birr 490 million it earned last year.

The Industrial Parks Development Corporation (IPDC) plans to construct over 100 industrial parks in Ethiopia in the coming years. This ambitious plan is aimed at driving the country's industrialization and economic growth.

Ethiopian Airlines Group is set to build a shed in Killinto Industrial Park for the manufacturing of aerospace components such as aircraft thermo-acoustic insulation blankets, electrical wire harnesses, and various other components.

Gada Special Economic Zone Development Corporation (GSEZDC) has signed a memorandum of understanding (MoU) with China Civil Engineering Construction Corporation (CCECC) to construct a logistics and export processing center which will be built on 1,000 hectares of land over the coming five years.