The Ethiopian Investment Commission (EIC) announced a policy shift allowing companies in industrial parks to sell half their production domestically. This aims to incentivize investment, stabilize market prices, and boost production.
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The Southern Ethiopia Region Industrial Parks Development Corporation (SERIPC) announced the launch of avocado oil production for export at the Dila Agricultural Industrial Park.
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The Ethiopian Ministry of Water and Energy signed a memorandum of understanding (MOU) with Ethio Engineering Group and APIMOSO, a Czech Republic-based company. The agreement focuses on the import, assembly, and local manufacturing of water filtration machines.
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Ethiopia's annual expenditure of Birr 1.3 billion on production machinery, primarily imported, has sparked discussions on leveraging capital equipment lease finance to bolster the country's manufacturing sector.
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Over the past eight months, domestic sales of products manufactured at the Arerti Industrial Park reached Birr 1 billion. The industrial park sits on 150 hectares of land and is located in Arerti, Oromia. It specializes in Textiles, Ceramics, and Woodwork.
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Bishoftu Automotive Manufacturing Industry (BAMI) has launched a pilot project to produce safari cars, aiming to meet the growing demand for locally-made touring vehicles in the expanding tourism sector.
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