Inspection Firm to Join Hawasa Industrial Park

Mar 9 , 2019


[ssba-buttons]

SGS, a multinational company headquartered in Switzerland, will establish a fabric and garment testing laboratory in Hawassa Industrial Park. Currentlyc manufacturers must send samples overseas to test their products, which experts say is costly and time consuming. SGS is an inspection, verification, testing and certification company. It has more than 97,000 employees and operates a network of more than 2,600 offices and laboratories around the world. Ethiopia is touted as having a big potential in the textile industry. More than 65 textile investment projects have been launched by foreign investors in the last six years. The government planned to earn 779 million dollars from exports in the textile and garment industry by the end of the Second Edition of the Growth & Transformation Plan (GTP II) in 2020. Recently, the National Bank of Ethiopia legislated a new law that enables companies in the industrial parks to transact in foreign currency. The directive is aimed at benefiting indirect exporter companies like SGS.


Radar

Construction Sector Faces 'Serious Trouble,' Minister Warns

The construction industry in Ethiopia is in "serious trouble," said Chaltu Sani, Minister of Urban & Infrastructure Development, citing major challenges with finance, competitiveness and material costs. Speaking at the opening of the BIG 5 Construct Ethiopia expo and the inaugural East African Infrastructure & Water Expo at Millennium Hall last week, Chaltu stressed the need for concerted efforts from government, private sector, and international partners to support the 67 billion dol...


Radar

Wegagen Bank, Gift Real Estate Partner to Promote Diaspora Homeownership

Wegagen Bank S.C. and Gift Real Estate Plc. signed a Memorandum of Understanding (MoU) on June 23, to offer housing loans for homebuyers, with a special focus on the Ethiopian diaspora. The agreement enables eligible diaspora members to access loans covering up to 80pc of a home's value at reasonable interest rates. The bank's Deputy CEO Kidane Gebreselassie noted the deal will promote the real estate sector and expand homeownership options. Founder and CEO of Gift Real Estate, Gebreyesus Igata...


Radar

Jimma University Signs Sports Science Agreement to Strengthen National Programmes

Jimma University has signed a four-party Memorandum of Understanding (MoU) with the Ethiopian Academy of Sciences, Derartu Tulu Sports Training & Research Institute, and the Oromia Youth & Sport Bureau to advance Ethiopia's sports science and training capacity. Signed on June 26, the agreement includes joint research, shared facilities, and hosting of national and international competitions. It is expected to strengthen youth development, public health, and national pride through coor...