Ethiopia: Ethio-Engineering Group Inks Deals to Boost Manufacturing
Ethio-Engineering Group signed two agreements to bolster Ethiopia's manufacturing sector.
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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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Despite ongoing challenges, Tigray's industrial sector is showing signs of recovery with the launch of 227 new businesses in the past nine months, according to Minister of Industry Melaku Alebel.
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Somali Regional President Mustefie Mohamed presided over the inauguration of a new car assembly factory in Jigjiga city. The factory, constructed at a cost of Birr 250 million, represents a significant development initiative for the region.
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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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