May 11 , 2024.

Last week, officials teamed up to lay out a 55 million-dollar industrial security printing plant at Bole Lemi Industrial Park. Partnering with Japanese multinational Toppan Gravity, the plant is expected to embark on passport printing, with over five million passports printed annually at full throttle. A major global printing industry with a 124-year legacy and over 10 billion dollars in annual revenues, Toppan brings its expertise to the project.

In a joint venture formed by Ethiopian Investment Holdings (EIH), Toppan Gravity, Berhanena Selam Printing Enterprise (BSPE), and Education Materials Production Distribution Enterprise, Toppan Gravity Ethiopia was born to oversee the plant. (Left to Right) Ahmed Shide, minister of Finance; Abdurhman Eid Tahir, CEO of EIH; Mamo Mihretu, governor of National Bank of Ethiopia (NBE); Aklilu Tadesse, CEO of Industrial Park Development Corporation (IPDC); and Lensa Mekonnen, state minister for Tourism; attended the inaugural ceremony.

PUBLISHED ON May 11,2024 [ VOL 25 , NO 1254]