Corp Incentivises Investors in Industrial Parks

June 27 , 2020


The Industrial Parks Development Corporation (IPDC) has availed incentive packages to industrial park investors to withstand the effects of the Novel Coronavirus (COVID-19) pandemic. The incentives, aimed at alleviating the burden on the investment sector, will be applicable to companies operating within the country's operational industrial parks. Free transport of goods from Modjo Dry Port to the Djibouti port is one of the three main incentives availed. The government has also allowed the local sale of products for investors that have had no orders from abroad for the past two months and who have lost procurement agreements from clients. Lastly, a six-month discount cargo service was also offered for Ethiopian Airlines Cargo Services customers in the parks. The industrial parks in the country have generated 122 million dollars within the past nine months of the budget year, showing a 32pc increment from the past budget year during the same period. The parks employ over 70,000 workers across the country.


Radar

Recyclable Cash

These types of scenes can be seen around the city. People collect different types of plastic materials to sell them in return for recyclers. Water bottles make up the majority of the recyclable plastics, while many homeless people engage in the collection of the materials. ...


Radar

Young Care

Sahlemariam Abebe (right), national director for SOS Children's Villages in Ethiopia, spoke at the launching project for a new program by the aid agency on September 20, 2022, at the Ethiopian Skylight Hotel. The programme targets young people that have graduated from care such as foster homes and small group homes but are at risk of facing discrimination...


Radar

Feeding on Road

In the middle of a recently constructed highway in Qera, on Alexander Pushkin Street, a donkey is grazing on grass on the road separator. It shares the infrastructure with pedestrians and vehicles as the transportation of goods has not fully matured in Ethiopia, not even in the capital...