Premier Inaugurates Yirgalem Agro-Park

Mar 13 , 2021


Four of the 11 production sites at Yirgalem Integrated Agro-Industrial Park, in Sidama Regional State, were inaugurated with the presence of Prime Minister Abiy Ahmed (PhD) and former Prime Minister Hailemariam Dessalegn. The Park, which rests on 300ha of land, was built for 1.4 billion Br. The first phase of the Park, which is being developed by the Sidama Regional State Industrial Parks Development Corporation, is now completed, and four of the production sites built so far have begun work in processing avocado oil, honey and coffee capsules. An additional eight manufacturing industries are also preparing to commence production after completing the installation of plant machinery. The Park uses more than 90pc of its inputs from domestic production, according to the Ministry of Trade & Industry. The Park is one of the 17 Integrated Agro-Processing Industrial Parks the country targets to have by 2025.


Radar

With New Tariffs, Trump Upends Decades-Old Ethiopia Trade Preferences

The Trump Administration has unexpectedly included Ethiopia in the list of countries subjected to new trade measures, imposing a 10pc levy on Ethiopian imports into the United States while granting a reciprocal 10pc tariff on American goods headed to Ethiopia. The move marks an unanticipated shift in Washington's approach to Addis Abeba, which for years benefited from duty-free access under the African Growth & Opportunity Act (AGOA). The tariff-free provisions had propelled apparel expor...


Radar

Unilever Ethiopia Eyes Triple Sales Under New Executive

Unilever Ethiopia plans to triple its annual sales within the next five years, aiming to reach 200 million euros. The growth push is led by 42-year-old Nesibu Temesgen, who took the top job this month, as the first Ethiopian national to claim the top executive position in the company. Unilever, a multinational company operating in more than 190 countries, established its Ethiopian presence in 2014. From its base in the Eastern Industrial Zone near the town of Modjo, the firm produces recognis...


Radar

EU Grants Ethiopia a 240 Euro to Support Key Sectors

Financial Assistance Targeted at Agribusiness, Digital Expansion, and Democratic Institutions The European Union (EU) has agreed to provide Ethiopia with a grant of €240 million to support development initiatives across key sectors. This financial assistance will primarily bolster projects in agribusiness, enhance digital competencies, and strengthen democratic institutions. Furthermore, the agreement will support public administration and facilitate efforts to promote stability and reco...