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New Agro-Industrial Parks Mark Step in Manufacturing Development


New Agro-Industrial Parks Mark Step in Manufacturing Development

The Ministry of Industry has identified 17 sites nationwide for integrated agro-industrial parks, building on existing facilities in Bure, Bulbula, and Yirgalem. Announced at an investment forum in Addis Abeba, the parks aim to boost foreign exchange earnings, create jobs, expand the domestic market, and generate government revenue. The government is supporting manufacturing industries with targeted policies, infrastructure, and strategies to enhance product quality, diversify goods, and improve production efficiency. The parks, developed at a cost exceeding 36 billion Br, offer fast and comprehensive services to investors. Forum participants expressed strong investment interest while noting challenges in financing, coordination, and organisational structure. Officials noted Ethiopia’s ongoing implementation of the African Continental Free Trade Area (AfCFTA) agreement and stressed the importance of leveraging it to enhance competitiveness.

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Federal Prosecutors Accuse Public Officials, Contractors of Corruption, Alleged Illicit Fund Transfers

Federal prosecutors have filed corruption and money laundering charges against 11 defendants, including Nigstu Bogale, Coordinator of the Development Project for Response to the Impact of Refugees in the Horn of Africa at the Ministry of Agriculture, Biniyam Fantaye and Taye Habte, senior irrigation engineers involved in the Development Response to Displacement Impacts Project (DRDIP-II), as well as private individuals and construction company representatives. The case alleges losses and illicit...


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EIH Transitions to New Headquarters as It Oversees Major State-Owned Enterprises

Ethiopian Investment Holdings (EIH) is relocating its headquarters from its current site on General Wingate Street. The former headquarters was located behind the Ministry of Industry and near Abrehot Library. The new office is expected to be on Mozambique Street, along the route from Mexico Square to Bulgaria Road. The building belongs to one of EIH's subsidiaries, and all departments are set to move there as interior design and finishing works continue. Under the leadership of Brook Taye...


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Import Substitution Push Lifts Domestic Manufacturing, Industrial Recovery

A push for import substitution and industrial expansion has prioritised 96 strategic products for local manufacturing. The “Ethiopia Tamirt” initiative reports 4.85 billion dollars in savings, supported by trade fairs linking local producers to domestic and international markets. On average, 700 new projects enter the market annually, contributing to more than 2,800 investments over four years. At the grassroots level, 18,000 SMEs have been established, while 993 dormant factories have...