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.


Mobile Apps Streamline Container Handling

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Private Investment Takes Flight in Aviation Industry

Local private operators received the green light last week to expand their services beyond charter flights, offering regular passenger and cargo options. This move by the Ethiopian Civil Aviation Authority is expected to boost the air transport sector, attracting private companies to invest in air travel services. The Authority is partnering with private investors to improve air transport infrastructure by building over 21 new airstrips and helipads in previously underserved areas. Officials...


Safaricom Ramps Up Network Expansion with Locally Made Poles

Safaricom Ethiopia has initiated a three-month procurement process to acquire a total of 68 poles from Woda Metal, the first telecom pole manufacturer in the country. The initial batch of 13 poles was delivered last week, marking a milestone as the first use of domestically produced poles in Ethiopia's telecom sector. Wim Vanhellputte, CEO of Safaricom Ethiopia, praised the high quality and affordability of Woda Metal's poles, which will be crucial for their network expansion goals. The co...