Industrial Parks Foresee Waste Recycling Project

Mar 25 , 2023

Industrial parks embark on a waste-recycling project as two Japanese firms, Tanabe Limited and Suntecno look to recycle waste products in the parks. The project involves knowledge experience exchange and as well as technology transfer in the sector. Aklilu Tadesse, CEO of the Industrial Parks Development Corporation (IPDC) discussed future endowments with Yoshiasu Tanabe and Massaru Kane Ko, executive directors of Tanabe and Suntecno two weeks ago. The two firms are expected to implement the pilot program in Hawassa Industrial Park, 270Km south of the capital with in two months. They signed a memorandum of understanding with the Corporation to implement the project. The Corporation currently manages 12 state-owned industrial parks across the country, hosting both local and international manufacturing firms. Export earnings of the industrial parks comprise 95pc garnered through the sale of products from garment and textile manufacturers incentivized by low costs of the labour-intensive sector.


Ethiopian Seafarers Contribute $50m Annually in Remittances

Ethiopian Maritime Authority disclosed 50 million dollars in annual remittances from seafarers deployed internationally. Abdulber Shemsu, the director general of the Authority, said Ethiopia's membership in the International Maritime Organisation (IMO), establishes global standards and guidelines for safe, secure, and environmentally sustainable shipping practices. With 176 member countries and three associate member countries, including Ethiopia, the IMO provides a framework for ensuring...


AfDB Launches $1.5m Initiative to Propel Agro-Industrial Parks

A 1.5 million dollar initiative for the development of three Agro-industrial parks was commenced last week. Financed by the African Development Bank (AfDB), the project includes feasibility studies, a master plan, and an environmental and social impact assessment. The Phase Two project, which includes capacity building for stakeholders, was initiated last week with an agreement between Semereta Sewasew, state minister for Finance and Gunther Beger, managing director of UNIDO. Semereta said...


Cabinet Approves Public Service Legislation

Council of Ministers has unanimously approved the legislation that aims to raise the competency and professionalism of public service in the country. The Federal Civil Servants Proclamation is pending ratification from Parliament. The decision was made during the 30th meeting of the Cabinet last week, which follows the ratification of the public service and administrative policy. Currently, the 176 federal agencies within 22 ministries, collectively employ around two million people. The polic...