Manufacturing

Cement price in Ethiopia stabilizing,says Ministry – etbaba.com

Cement price in Ethiopia stabilizing,says Ministry The Ministry of Trade and Industry of Ethiopia said the price of cement has been stabilizing over the past days as a result of regulatory measures taken by the Ministry. The price of cement which was almost doubled to around 450 birr (about $13 at current exchange rate) per …

Cement price in Ethiopia stabilizing,says Ministry – etbaba.com Read More »

Ethiopia secures $122 million from industry parks – etbaba.com

Industrial parks in Ethiopia have exported worth $122 million products during the first nine months of current Ethiopian fiscal year started July 8, 2019. The income has increased by 32 percent from same period the previous year, according to Lelise Neme, CEO of Industrial Parks Development Corporation the state agency in charge of building and …

Ethiopia secures $122 million from industry parks – etbaba.com Read More »

Abay to boost Ethiopia’s cement by 2.5 million tons – etbaba.com

With an investment of 8.8 million birr (about $262 million), Abay Cement Factory is set to boost Ethiopia’s annul cement production capacity by 2.5 million tons. The construction of Abay Cement Factory, is completed 60% and is set to commence operation next year, according to Mr. Samuel Halala, Director of Ethiopian Chemical and Construction Inputs …

Abay to boost Ethiopia’s cement by 2.5 million tons – etbaba.com Read More »

Ethiopian Airlines embarks on ventilator production – etbaba.com

As part of the national effort to combat COVID-19 pandemic and diversify its revenue streams, Ethiopian Airlines Group his set to launch production of ventilators that can be used in hospitals to treat patients. Fully owned by the Government of Ethiopia, Ethiopian Airlines Group, has recently made a deal with a Chinese company to start …

Ethiopian Airlines embarks on ventilator production – etbaba.com Read More »

Ethiopia awards Jimma Industry Park to Chinese company – etbaba.com

The government of Ethiopia has awarded the management of the recently built state owned Jimma Industry Park to Huajian, the Chinese shoes manufacturer. Hua Rong Zhang, President of the Huajian Company and Lelise Neme, Chief Executive Officer of the Ethiopian Industrial Parks Corporation have signed the deal on Friday. The Chinese company will bring in …

Ethiopia awards Jimma Industry Park to Chinese company – etbaba.com Read More »

Africa adviced to reduce over-dependence on imported medicines – etbaba.com

The Horn of Africa trade forum ended in Addis Ababa, Ethiopia, calls on African countries to increase domestic production of pharmaceutical products and end over dependence on imported medicines, as the African Continental Trade Agreement (AfCFTA) now in force. The participants of the meeting indicated that the AfCFTA, African countries agreed, provides an opportunity for …

Africa adviced to reduce over-dependence on imported medicines – etbaba.com Read More »

Chinese to invest $500 million in industrial park in Ethiopia – etbaba.com

By spending over $500 million investors from Kunshan, a city in Jiangsu province of China, are set to build an industrial park in Dire Dawa city of eastern part of Ethiopia. The park will be dedicated to textiles manufacturing, according to a delegation led by Du Xiaogang, Mayor of Kunshan, who visited Dire Dawa yesterday. …

Chinese to invest $500 million in industrial park in Ethiopia – etbaba.com Read More »

Hong Kong company takes Ethiopia’s Bahir Dar Industry Park – etbaba.com

Hop Lun, the Hong Kong-based textile and garment company has decided to fully take over the recently built Ethiopia’s Bahir Dar Industry Park found in Amhara region. The company’s officials today concluded transfer deal with Ethiopia’s Industrial Park Development Corporation, the state agency in charge of building and administering industrial parks in Ethiopia. The Hong …

Hong Kong company takes Ethiopia’s Bahir Dar Industry Park – etbaba.com Read More »

Ethiopia gets first foreign leasing company – etbaba.com

Ethio Lease, a subsidiary of Africa Asset Finance Company Inc. (AAFC), a US-headquartered equipment finance firm, enters Ethiopian market. The National Bank of Ethiopia granted a license to Ethio Lease, making it the first foreign-owned entity to receive a financial services license in the country. AAFC owns and operates a group of companies that provides …

Ethiopia gets first foreign leasing company – etbaba.com Read More »

Ethiopia plans to produce 483,000 tons of sugar – etbaba.com

Ethiopian Sugar Corporation, the state agency in charge of sugar development in Ethiopia, aims to produce 483,532 tons of sugar during the current fiscal year of Ethiopia started July 8, 2019. This is indicated by CEO of the Corporation, Weyo Roba, whose message is published in this month’s special edition of Ethiopian Sugar Corporation newsletter. …

Ethiopia plans to produce 483,000 tons of sugar – etbaba.com Read More »