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.
The Somali Regional State Investment and Industry Bureau has made an announcement regarding the licensing of 367 new investors including 37 foreign investors across various sectors, amounting to a significant total investment of over Birr 11.4 billion. This influx of investments is expected to generate 12,243 job opportunities.
The Somali Regional State's Investment and Industry Bureau has granted new investment licenses to developers who registered a capital of Birr 11.4 billion in the last financial year.
South African business delegation team visiting Ethiopia, held business-to-business meeting with Addis Ababa Chamber of Commerce and Sectoral Associations (AACCSA) on June 7, 2016. The meeting was focused on ways to promote business opportunities.
Spur Corporation, a South African multi-brand restaurant franchiser, has joined with Cucina Trading PLC, a newly established local firm, in a franchising contract to open a chain of specialty restaurants in Addis Ababa.
