Domestic, International Companies Enter Industrial Parks

Dec 4 , 2022

An international and two local companies have signed a contract with Industrial Parks Development Corporation (IPDC). The Chinese Long March Electrical Equipment Manufacturing signed to lease a 3,000Sqm shed in Adama Industrial Park, which sits on 365hct. The company invested more than 240 million Br and manufactures electricity meters creating job opportunities for 250 workers. More than 125 foreign and domestic companies inhabit 13 industrial parks, creating job opportunities for 81,000 people. With an investment of more than 205 million Br, the medical equipment manufacturer, NK World Medical Equipment, is to acquire one hectare of land in the Qilinto Industrial Park, offering 210 jobs. Warqa Trading has leased a 5,500Sqm shed at Hawasa Industrial Park to provide yarn products for textile factories.



A street lamp around Addis Abeba Stadium melds into the concrete backdrop emblematic of the capital's ageing infrastructure. Over the past few years, Ethiopia's electric grid has been subject to destruction and theft, subjecting the public treasury to hundreds of millions in losses. Nearly half of the country's population does not have access to electricity. A series of projects by the World Bank has contributed to the slight but essential upgrade to the nation's grid, including a 500 million do...



A trio of donkeys drag along the main road in front of Menlik School around the Arat Kilo area. While the four-legged domestic animal is a venerated member of the Ethiopian labour force, its skin and meat are increasingly valued in the international markets. Rhong Chang, a donkey slaughterhouse operating in Assela Town, Oromia Regional State reopened its services after a seven-year break two years ago. Public outroar has often accompanied the entrance of donkey abattoirs into Ethiopia since anot...



A bustling market emerges under a bridge in the boroughs of the Bole Michael area. Addis Abeba City Administration has launched a series of aesthetic initiatives embalmed in themes of beautification and urbanisation that have removed thousands of shops built with makeshift tents. Above a quarter of Addis Abeba's labour force is engaged in the informal economy, which while often associated with connotations of illegality, remains a sizeable employer in emerging economies across the world. Calibra...