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

Parliament Receives $237m Development Loan Package

The Council of Ministers forwarded two concessional loan agreements totalling 237.3 million dollars to Parliament for ratification, targeting rural infrastructure and food security. The package includes 46.3 million dollars from the African Development Bank (AfDB) for climate-resilient infrastructure in pastoralist regions. A second credit facility of 191 million dollars (146.1 million SDR) from the International Development Association (IDA) is earmarked for the sixth phase of the Productive Sa...


Radar

MoTRI to Overhaul Consumer Protection Rules Following Cabinet Approval of Trade Policy

The Council of Ministers, led by Prime Minister Abiy Ahmed (PhD), approved Ethiopia's first unified trade policy last week, ending a three-year deliberation period to fill a decades-long regulatory vacuum,. This institutional milestone mandates the Ministry of Trade & Regional Integration (MoTRI) to overhaul consumer protection frameworks, specifically requiring a rigorous revision of the Trade Competition and Consumer Protection Proclamation to eliminate market distortions and the prolifera...


Radar

Regional Power Exports Yield $366m as Capacity Hits 9.6GW

Ethiopian Electric Power (EEP) generated 365.99 million dollars from regional exports in the first nine months of the fiscal year as national capacity reached 9,579MW. The revenue followed the sale of 24,940GWh, representing 91pc of gross generation. Hydropower remains dominant, providing 9,500MW. To diversify assets and mitigate climate risks, the utility integrated the 100MW Asela Wind Power Project. The transmission network has expanded to 148,600km to secure domestic industrial supply and...