Industrial Park to Set Foot in Nekemte

Mar 6 , 2021


The Oromia Industrial Parks Development Corporation inked a deal with Walabu Construction S.C. for the construction of a 7.8-billion-Br agro-industrial park in Nekemte Town, Oromia Regional State. The agreement was signed just a few weeks after the Ethiopian Investment Commission announced that the government will no longer build industrial parks. The park will cover 250ha of land, and the construction is expected to be completed in three years with the budget fully covered by the regional government. The park is expected to house plants that process coffee, tea, oilseeds and grains as well as meat, poultry and dairy products. The construction phase is hoped to create over 3,000 jobs, while the processing plants are expected to create employment opportunities for 50,000 people once construction is completed, according to Sisay Gemechu, head of the Corporation.


Radar

BEARISH STROLLS

A street vendor around Chechnya sells colourful giant teddy bears. Theatrical spectacles with evading street vendors and officials from the Code Enforcement Authority are ubiquitous across the streets of Addis Abeba. Nearly a sixth of the capital-employed labour force is engaged in the informal sector. A series of campaigns by the Peace & Security Administration Bureau to reel in the proliferation of street vendors has been largely unsuccessful as more and more people migrate into the capita...


Radar

HEAVY SYNC

Daily labourers around Qaliti attempt to lift a portion of a giant 16-wheeler truck that was in an accident. A recent decision by the Ethiopian Customs Authority to deny clearing procedures for imports of vehicles through fractionalized letters of credit has fueled anxiety in the car import business sector. An announcement by the Adama Customs Commision Branch office last week of an auction for 237 vehicles has sparked outrage as several importers and Ethiopian diaspora are up in arms over alleg...


Radar

MARCHING BLOCKS

Renovations around the soon-to-be-inaugurated Adwa Zero Km museum around Piazza kick up in gear. The museum is an integral element of a series of mega projects in the capital carefully watched over by Mayor Adanech Abiebe. The 4.6 billion Br project sits on a whopping 45,000 sqm space and houses 11 blocks with auditoriums, galleries, gyms and art installations. The contractor is China Jiangsu International ETCG, while consultancy services are provided by Ethiopia Construction Design Supervision...


Back
WhatsApp
Telegram
Email