Ethio-Engineering Group unveiled plans to construct a modern steel factory. The project is slated to commence in Nekemte city during the current fiscal year.
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In a ceremony attended by key stakeholders, Gelila Manufacturing, a local company, laid the foundation stone for its bus assembly plant at the Mekele Industrial Park in Mekele city, the capital of the Tigray region.
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The Institute of Ethiopian Standards (IES) has began work to implement a new system that allows manufacturers to purchase essential standards electronically. This shift from a physical to an online platform streamlines access to standards, potentially expediting the production process for Ethiopian manufacturers.
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Minister of Industry Ato Melaku Alebel reported a 10.1% growth in the sector over the past ten months. In a performance review presented to Prime Minister Abiy Ahmed this growth surge is attributed in large part to the Ethiopia Tamrit Movement, a program focused on promoting domestic production and reducing reliance on imports.
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Ethio-Engineering Group signed two agreements to bolster Ethiopia's manufacturing sector.
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An agreement was signed yesterday between the Industrial Parks Development Corporation (IPDC) and the National Investment Group (NIG), marking a significant step forward for Ethiopia's aviation industry. The USD 110 million deal paves the way for the manufacturing of aircraft components at Kilinto Industrial Park.
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