Solar Cell Production Set for Hawassa


Solar Cell Production Set for Hawassa

The Tokyo-based solar solutions company, Toyo Solar, has announced plans to set up a solar cell manufacturing facility in Hawassa Industrial Park (HIP) with an expected annual capacity of two gigawatts. With an outlay of 60 million dollars financed through internal resources and advance payments. Construction is scheduled to begin next month with production expected to commence in the first quarter of 2025. TOYO has selected a 31,500Sqm facility that will be retrofitted to meet the requirements of modern, automated cell production. Once operational, the new facility is estimated to create up to 880 jobs, including manufacturing and engineering positions. "The project will enable us to rapidly scale up solar cell production to meet the needs of our planned module facility in the United States," said Junsei Ryu, CEO of TOYO. Ethiopia is exempt from tariffs for bifacial solar cells to the U.S.


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Ethiopia Revives WTO Ambitions After Five-Year Stall

Ethiopia's trade delegation led by Kassahun Gofe (PhD), a chief negotiator in the WTO accession talks, is reviving a long-stalled effort to join the World Trade Organisation (WTO), signalling renewed ambition following a five-year hiatus. He travelled last week to Geneva, Switzerland, where the WTO is headquartered, to conclude negotiations for membership by March next year. If successful, Ethiopia's accession to the world's trade body will be timed, with the 14th ministerial conference set t...


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First Digital Insurance, Loan Services Launched

A new digital insurance and loan service platform christened 'Agar' - translated as a partner - has debuted in the market, marking a notable entry into the financial sector. The initiative, a collaboration among Global Bank Ethiopia, Lucy Insurance, and Kacha Digital Financial Services, pledged to transform access to insurance and credit for various user groups, including insurance policy buyers, taxi drivers, and salaried employees. For Abraham Tilahun, CEO of Kacha Digital Financial Service...


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City Forms Task Force to Regulate Informal Street Vendors

A new task force under the city administration will enforce new regulations designed to restore order on the streets of Addis Abeba and address concerns over cleanliness and public safety. The task force has been established to enforce regulations imposed on informal street vendors. The city's Trade Bureau launched the initiative to address the increasing informal trading, which city officials say has been "disruptive to the established trade system." The task force is headed by Deputy Mayor...