2merkato

Ethiopia's Hawassa Industrial Park announced that it has obtained $114 million from the export of face masks during the recently concluded Ethiopian fiscal year.

Hawassa Industrial Park (HIP) generated USD 54 million in textile and garment exports to the global market during the previous fiscal year. This is despite facing challenges, such as the loss of duty-free access to the US market.

Hawassa Industrial Park saved over USD 13.9 million in the 2023/24 fiscal year by replacing imported products with locally manufactured goods, according to the park’s General Manager, Mathews Ashenafi.

Hawassa Industrial Park secured USD 32 million from goods exported to the international market within the past three months.

The park which is located 275 kilometers south of Addis Ababa was inaugurated in 2016 as the first industrial park of the country. It started operation the same year with 52 factory sheds which were rented out mostly to foreign companies.

Ethiopia’s first industrial park, Hawassa Industrial Park, is scheduled to be inaugurated on Wednesday, July 13, 2016. Located 275 kilometers south of the capital, the industrial park is expected to create job opportunities for 60,000 people in 2 shifts. The Park is expected to host textile and garment manufacturing factories.