Ethiopia: Ethio-Engineering Group Prepares to Manufacture Electric Vehicles
Ethio-Engineering Group (EEG) is gearing up to manufacture electric vehicles in Ethiopia, CEO Suleiman Dedefo announced.
Ethio-Engineering Group (EEG) is gearing up to manufacture electric vehicles in Ethiopia, CEO Suleiman Dedefo announced.
The Industrial Parks Development Corporation (IPDC) announced that investments worth more than USD 597 million have been secured in Ethiopia’s Special Economic Zones (SEZs) and the Dire Dawa Free Trade Zone over the past six months. Over 80 investments have been attracted to the zones under the IPDC's management.
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The Sidama Regional Industrial Parks Development Corporation has announced that six new companies would begin operations at the Yirgalem Integrated Agro-Industrial Park within the next two months. The new ventures will focus on processing a range of agricultural products, including milk, avocado, honey, and coffee, sourced from local farmers. These processed goods will be supplied to both domestic and international markets.
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Industrial Parks Development Corporation (IPDC) has announced the transfer of over 90% of its 177 manufacturing sheds across 13 industrial parks to investors, contributing to job creation and economic growth.
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Lemi National Cement Factory has made a strong entrance into Ethiopia’s cement market, supplying over 310,000 tons of cement since it began operations on October 31, 2024.
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The Ethiopian Investment Commission (EIC) announced today that 10 of the country's industrial parks have been promoted to Special Economic Zones (SEZs) under a new initiative to attract Foreign Direct Investment (FDI), boost job creation, and enhance trade and productivity.
