Geda Special Economic Zone Project Gets Underway with Chinese Investment

Aug 21 , 2023


A logistics centre and manufacturing facilities are set to be developed in the Geda Special Economic Zone built by China Civil Engineering Construction Corporation (CCECC). Geda Special Economic Zone (GSEZ) is located 65Km east of the capital with the aim of connecting it with Mojo, Adama, and Shashemane towns. The five-year project will be developed on the 1,000hct land inside the Zone which is half the size of Addis Abeba and six folds of Adama town. Last week, Guo Chongfeng, general manager of CCECC Ethiopia, and Motuma Temsgen, director general of the Gada Special Economic Zone (GSEZ) inked a deal. The signing ceremony saw the attendance of  Shimelis Abdisa, president of Oromia Regional State, Girma Birru, senior economic advisor to the Prime Minister and Zhao Zhiyuan, Chinese Ambassador to Ethiopia. Shimelis disclosed that the project will open doors for investment while Zhao indicated that the project will further tie the long partnership between China and Ethiopia, facilitating the industrialisation and investment of the Oromia regional State.


Radar

DREARY LANES

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...


Radar

PLUMPY HUMPS

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...


Radar

IMPROMPTU AISLES

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...


Back
WhatsApp
Telegram
Email