Browsing: Ethiopia industrial parks

The Ethiopian Investment Commission (EIC) announced that the country earned $103 million from export generated by industrial parks. The gain is a 40 percent increment compared to last year’s performance recorded at the same period.

According to Abebe Abebayehu, Ethiopia Investment Commissioner, 70 percent of the planned earning from industrial parks during  the stated period had been accomplished. He further noted that footwear and other leather products, as well as textile and apparel have been exported to Europe, USA, Asia and other export destinations. Statistics from Food and Agricultural Organisation (FAO) ranks Ethiopia the 5^th in the world and number one in Africa with the most cattle inventory.

Mr. Abebe, stating that industrial parks across the country have created employment for over 70,000 workers, said Ethiopia has been able to attract $2.5 billion foreign direct investment in the mentioned nine months.

However, the commissioner said, conflicts in different parts …