Seven Companies from different business sectors are set to start construction of factories in Debre Berhan, Ethiopia with a combined investment worth 2.3 Billion Birr, The Daily Monitor reported.
Out of the total 10 factories Ethiopia planned to construct during the first phase of the Growth and Transformation Plan (GTP), seven of them were said to start production at the end of the coming year, Ethiopian Sugar Corporation announced.
Sewasew Multimedia, an Ethiopian multimedia streaming platform, signed agreements with several artists including Maritu Legesse and Teddy Afro. It also launched its premium program during the signing ceremony.
Shacman Group and BEAEKA General Business PLC collaborate to assemble heavy machineries and vehicles in Ethiopia. Based on the implementation agreement signed between the two companies, 1,500 heavy trucks including cassoni, lobed, sewage cargo vehicle, and hybed will be assembled within a year during the first implementation phase while 3,000 vehicles will be assembled annually when the second implementation phase commences.
Shalom Health Care, a private limited company, broke ground on a USD 250 million medical equipment manufacturing plant in Hawassa, Ethiopia, last week. The plant, which is expected to be completed in two years, will create 5,000 jobs and help to alleviate the country's reliance on imported medical equipment.
