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.
Industrial Parks Development Corporation (IPDC) has officially announced that the Dire Dawa Free Trade Zone is now fully operational.
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The Ministry of Trade and Regional Integration (MoTRI) announced that cement manufacturers in Ethiopia would now be able to distribute their products through chosen distributors, a shift intended to streamline the supply chain and better meet demand. The announcement follows a consultation forum between the ministry and cement manufacturers on aligning product supply with the growing demand in the construction sector.
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Lemi National Cement Factory, located in Ethiopia's Amhara Regional State, Ensaro Woreda, has started offering its cement products to the market as of October 31, 2024.
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The Industrial Parks Development Corporation (IPDC) reported that it had attracted USD 300 million in investments and generated over USD 26 million in export revenue in the first quarter of the 2024/25 fiscal year.
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Gelila Manufacturing PLC has officially launched the production of export-quality shoes and soles at Bole Lemi Industrial Park with an investment of Birr two billion. The inauguration ceremony attracted officials, industry leaders, and invited guests.
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