City Admin, Local Contractors Ink 7.7b Br Cluster Zone Deal

Aug 27 , 2022

The Addis Abeba City Administration has inked a 7.7 billion Br agreement with two private construction firms to build an industry cluster zone in the Akaki-Qality District. MCG Construction Plc and TNT Construction & Trading are expected to erect the cluster zone on 94hct of land over the next two years. Officials of the Mega Projects Construction Office under the City Administration floated a bid early this year to hire contractors on behalf of the Addis Abeba Labour, Enterprise & Industry Development Bureau. The zone will serve as a manufacturing hub for agro-processing, wood and metal works, leather and textile, and construction materials. The design comprises 21 large shed for manufacturing and 200 megastores for input suppliers and product retail shops. Mayor Adanech Abiebie announced her administration would cover the entire construction budget from its own coffers.


Geda Special Economic Zone Receives Prospective Tenants

East African Holding and Ethio-Chicken have been shortlisted to invest in the Geda Special Economic Zone(GSEZ), located in the tri-state area shared by Mojo, Adama, and Shashemene cities within the Oromia Regional State. The two companies were selected from 120 investors who showed interest in acquiring space in one of the largest SEZs in Africa. Close to 404hct of land has already been developed in the expansive economic zone, out of a potential 24,000 hectares, with lease prices set between...


Standard Institute Revamps Fees, Board Restructuring

The Ethiopian Standards Institute (ESI) is set to introduce fees for standards sticker, establish a new governing board, and address collaboration with other regulatory bodies. The Institute plans to strengthen its financial standing by charging fees for standards and product certification services to support its operations and annual budget. A key change involves replacing the current Council of Standards with an 11-member Board of Directors. The Minister of Trade & Regional Integration...


Safaricom Ethiopia Rolls Out its Network to Tigray

With 125 self-built towers, Safaricom Ethiopia has launched its operations in the Tigray Regional State. Executives disclosed plans to invest in an additional 166 towers and expand their reach to the remaining towns. "This is the most exciting milestone in Tigray since the return of social services," said Getachew Reda, president of the Interim Regional State Administration. In July 2021, the consortium-backed telecom giant entered Ethiopia's market, historically dominated by state-owned E...