Industrial Parks Generate $103m

May 4 , 2019


The five operational industrial parks generated 103 million dollars from exports in the first three-quarters of the current fiscal year. This is a 40pc improvement from last year’s performance, which was 73.1 million dollars. Textile, garment, shoes and other leather products exported to the United States, Europe and Asia were the sources of the revenue. During the reported period, the parks created 16,000 new jobs, bringing the total number of employees in the five parks to 70,000. The government has plans to build 11 industrial parks with an estimated cost of 30 billion Br. So far, it has completed the construction of seven parks, of which five: Hawassa, Bole Lemi I, Kombolcha, Meqelle and Adama industrial parks are operational.


Radar

Ethiopia Buys Time, Not Relief as Creditors Stall on Debt Write-Off

Ethiopia's official creditors expect to finalise a draft restructuring of the country's debt in the coming months, granting the government more time to repay its obligations while avoiding a direct reduction to the initial debt amount. Ethiopia defaulted on its external debt in December 2023, before its leaders announced a preliminary deal in March with its Official Creditor Committee to reorganise 8.4 billion dollars, an essential step in moving beyond sovereign default. Under the agreement...


Radar

Road Injuries Increase by 35pc, with Pedestrians Most Affected

Addis Abeba's streets continue to present fatal risks for pedestrians, who account for 86pc of all traffic fatalities reported in 2023/24. Megenagna emerged as a particularly hazardous area, logging the highest number of fatalities, including 13 deaths. While the number of pedestrian deaths has dipped slightly, overall injuries have surged by 35pc since 2020/21, with eight out of 10 injuries involving those on foot. The Addis Abeba City Administration revised its 13-year road safety strate...


Radar

Awash Insurance Customer Week Discount

Awash Insurance Company(AIC), serving for over 30 years, gives a 25pc discount on Mortgage Redemption Insurance (MRI), Individual Life Insurance, Education Insurance, Workers' Compensation Insurance, and Fire & Lightning Insurance. This was announced during the celebration of Customer Week at their headquarters, on April 7,2025. Jibat Alemneh, CEO of the company said, Vehicles owners that purchased thier cars with full insurance coverage will receive enhanced benefits at no extra cost at...