Semera Industrial Park Nears Completion

Apr 9 , 2022


Executives of the Industrial Parks Development Corporation (IPDC) say that 98pc of construction at Semera Industrial Park in the Afar Regional State has been completed. Eight production sheds have been erected and are ready for use, according to the IPDC. Construction has been underway since 2020, contracted out to the China Communications Construction Company. IPDC executives say the site in Semera will serve as logistics park, linking other industrial parks, due to its proximity to the border with Djibouti. Semera Industrial Park, which covers an area of 2,000ht, is the 13th such project under the IPDC. The federal government began constructing industrial parks over a decade ago in a bid to drive industry-led development. Hawassa Industrial Park, the largest under the purview of the Corporation, was the first to be erected.


Radar

ZamZam Bank Joins Commodity Exchange Payment System

The pioneering full-fledged interest-free commercial bank, ZamZam Bank, has become the 24th financial institution to join the Ethiopian Commodity Exchange's (ECX) payment system. CEO of the Exchange Wendemagegnehu Negera signed the deal with the President of the Bank Melika Bedri last week. According to the CEO, joining the platform which has around 11,000 accounts registered and has transacted over 386 billion Br so far, will allow a reliable mechanism whereby traders can be certain that pay...


Radar

AfDB, ADF to Chart Transformation Path at Diamond Jubilee

The African Development Bank (AfDB) and the African Development Fund (ADF) are gearing up for a major joint meeting in Nairobi, Kenya, expected to draw around 4,000 participants. The event, taking place at the Kenyatta International Conference Centre in late May, will focus on "Africa's Transformation," a theme reflecting the continent's ongoing pursuit of economic and social development. "Despite progress over the years, Africa's transformation remains incomplete," said Vincent O. Nmehielle...


Radar

Big Art Sale Returns to Addis

The annual Big Art Sale returns to Addis Abeba this weekend. Over 100 artists are expected to showcase their original works and prints at the Hilton Addis. What's Out Addis in partnership with the Hilton Hotel is behind the event that showcases the works of over 100 artists. Big Art Sale has been around for the past 18 years showcasing paints and prints. According to organisers, it offers a chance to meet the artists and enjoy a variety of art forms with a dedicated Kids' Corner and food and...


Back
WhatsApp
Telegram
Email