FORTUNE+ VIDEO SPONSORED CONTENTS ADVERTORIALS FORTUNE AUDIO Fortune Careers TRADE AFRICA Election 2026 New TIME REMAINING UNTIL ETHIOPIA’S NATIONAL ELECTION 0Days 0Hours 0Minutes 0Seconds




Hong Kong Company Leases Bahir Dar Industrial Park

Jul 13 , 2019


[ssba-buttons]

Hop Lun Ltd, a Hong Kong company, has leased all the sheds at Bahir Dar Industrial Park. The handover ceremony was held in Bahir Dar on July 10, 2019, with the presence of Lelise Neme, CEO of the Industrial Parks Development Corporation, Melaku Alebel, head of the Amhara Regional State Industry & Investment Bureau, and Hop Lun officials. The Park rests on 75ha of land and is currently 93pc completed. The remaining work concerns water pipes and electric power installation, which are set to be completed within a month. The Park has eight sheds for textile production. Upon being fully operational, it is expected to create 10,000 jobs. In its first phase, it will create jobs for 6,000 people. Bahir Dar Industrial Park is one of the seven parks that will enter into production soon. Established in 1992, Hop Lun is an international fashion, lingerie and swimwear company. Currently, Hop Lun has close to 30,000 employees and owns eight manufacturing facilities across three countries.


Radar

Creditors Open Way for Ethiopia's Eurobond Restructuring

Ethiopia has cleared a key hurdle in restructuring its one billion dollar Eurobond after the Official Creditor Committee (OCC) approved the latest agreement with private bondholders. The OCC said the deal meets its “comparability of treatment” principle, allowing the government to proceed with restructuring the bond, which matured in 2024. The approval follows renewed negotiations after official creditors rejected an earlier agreement reached in January. Under the new agreement, reache...


Radar

University Cutoff Leaves Most Exam Takers Behind

Only 70,544 students, or 12.8pc of those who sat the Ethiopian Secondary School Leaving Certificate Examination (ESSLCE), scored above the 50pc threshold required for university admission. Education Minister Berhanu Nega (Prof.) disclosed the results during a press briefing last Saturday. Nearly 32pc of the successful candidates were from Addis Abeba, giving the city the highest share. Oromia Regional State followed, while Amhara Regional State accounted for the remaining share. The res...


Radar

Dairy Drive Turns to Farmers to Cut Import Reliance

A five-year dairy project targeting 350,000 farmers has increased average milk production per cow by 3.8 litres a day, supporting Ethiopia's effort to replace imported dairy products with domestic output. The Ministry of Agriculture leads the initiative in collaboration with SNV's BRIDGE Plus project. It combines cow-focused advisory services, technology, market links and farmer capacity-building to raise dairy productivity. The work has centred on helping farmers produce surplus milk for sal...