Hawassa’s Investment Promotion Bureau has granted investment licenses to 12 local investors with a combined registered capital of Birr 4.6 billion in various sectors during the first quarter of the current fiscal year.
Hawassa is to host a continental conference on post harvest and agro-processing starting from June 24-26, 2015, Ethiopian News Agency reported.
With a view to doubling its African portfolio in order to tap growing visits by both African and Chinese travelers, Hayatt Hotels Corp is planning to open its first hotel by the end of 2018 in Ethiopia. In October, Hayatt Corp said it would invest an estimated USD 200 million to open new hotels in Africa.
HBM Group, a renowned pharmaceutical company, has unveiled plans to construct a state-of-the-art factory in Ethiopia's Kilinto Industrial Park, becoming Africa's first syringe factory with a production capacity of 1 million syringes per day.
Mesfin Industrial Engineering PLC of Ethiopia in collaboration with Truck & Bus AG Company of Germany inaugurated a heavy truck assembly plant in Meqelle Town.
