Another Industrial Park Springs into Operation

March 23 , 2019


Another Industrial Park Springs into Operation

Yirgalem Integrated Agro-Industrial Park, built at a cost of 1.4 billion Br, will become operational next month. Located in Yirgalem Town, Sidama Zone, the park is designated for processing coffee, dairy products, meat, honey and fruits and vegetables. All the products will be exported. The park is expected to process up to 233,000tn of products a year and generate 6.2 billion Br. Two factories will process avocado and honey production beginning in April, according to Biru Wolde, CEO of the SNNP Regional State Industrial Parks Development Corporation. The country has plans for 11 industrial parks with an estimated cost of 30 billion Br. Seven parks have been completed, and five have begun operations, including Hawassa, Bole Lemi I, Kombolcha, Meqelle and Adama.


Radar

Leather Industry Struggles to Meet Expectations

The struggling leather industry managed a little over 33 million dollars in export earnings over the first 10 months of the financial year. It is less than half of officials' aspirations to generate 69 million dollars over the same period, and highlights the troubles faced by the industry over the past few years. Exports from finished leather goods plunged 72pc last year from three years ago. Only eight finished leather manufacturers accounted for 89pc of last year's export earnings, sh...


Radar

Corporation Calls on Suppliers for 200,000tn Sugar Procurement

Executives of the Ethiopian Sugar Corporation have taken steps to procure 200,000tn of sugar from international suppliers. The Corporation had invited shortlisted companies to submit offers, after an attempt to procure the sugar through an international tender went awry. However, officials at the Ministry of Finance instructed its executives to scrap the invitation and proceed to float a second bid. The shortlisted suppliers have also been invited to take part in the bidding process. T...


Radar

TAGGED

Youth in the National Theatre area are waiting for the bus to start moving. They have found a handle to grab and accelerate them ones its starts moving as they ride their skateboard. Although skateboarding is nearly unheard of in Ethiopia, over the past few years, young people have developed a taste for it. Safety, though, leaves a lot to be desired...