Ethiopia: Incentives for Hawassa Industry Park Revealed
Ethiopia announced the incentives it will be providing for local investors who will engage in the Hawassa Industrial Park.
Ethiopia: Income Tax Proclamation Amendment Revealed
Ethiopia’s Ministry of Finance and Economic Cooperation (MoFEC) disclosed a draft amendment bill for the income tax regime.
Ethiopia: Indian, Dutch Flower Companies Engage in Ethiopian Market
Two new private flower firms from India and the third from Netherlands have lately joined the Ethiopian flower market, according to Ethiopian Horticulture Agency.
Ethiopia: Industrial Development Corporation Sold Out Its Stake in Habesha Cement
Portland Pretoria Cement (PPC) disclosed it acquired the 20 percent stake Industrial Development Corporation had in Habesha Cement Share Company (HCSCo). PPC bought out Industrial Development Corporation for U.S. $ 13 Million.
Ethiopia: Industrial Park Companies Export Goods Worth USD 196 Million
Industrial Parks Development Corporation (IPDC) announced that industrial park companies generated USD 357 million from the sale of goods and created jobs for 57,000 citizens during the 2021/2022 fiscal year. The companies exported goods worth USD 196 million. They also supplied goods to the local market substituting import products which amount to USD 161 million.
