hawwasa Industrial Park 1

The Hawassa Industrial Park is expected to employ 60,000 people at full capacity and be able to generate export revenue amounting to 1 billion U.S. dollars

 

 Recently, Ethiopia inaugurated the largest industrial park in Africa. The Hawassa Industrial Park, which was built on 300 hectares of land, has been dedicated to host mainly textile and garment products.

 

Currently, fifteen leading global apparel and textile companies from America, China, India, Sri Lanka as well as six local manufacturers are operating within the park. It also has thirty-seven factory sheds, and its own renewable electricity source.

 Furthermore, Hawassa Industrial Park also consists a provision of all government services one-stop shop service center and also employs Zero Liquid Discharge (ZLD) that enables to recycle 85 percent of sewerage disposal water and fulfills international standards.

 Indeed, the Park have additional area allocated for shared facilities, as it encompasses an area of 1.3 million square meters, of which 300,000 meter square is factory shed build up area.

The park will serve as a prototype for the industrial parks being built in other parts of the country.

Prime Minister Haielmariam Desalegn said, “The eco-friendly industrial park will showcase that environmental protection and development can go hand in hand. The manufacturing sector's share in Ethiopia's Growth Domestic Product (GDP) for many years stood at only 5 percent, showing the need for economic structural challenge if the country is to meet its economic promise."

 

Special advisor to the Prime Minister Arkebe Equbay said the park can attract Chinese firms that are moving overseas to open plants. Ethiopia with a young labor force of 45 million people has a huge potential in the manufacturing sector. "As annual manufacturing growth currently is 25 percent, in 10 years' time, it's projected to increase its GDP share by four fold and it's share in exports to 50 percent," he added.

 

The Hawassa Industrial Park is expected to employ 60,000 people at full capacity and be able to generate export revenue amounting to 1 billion U.S. dollars.

 

Indeed, the Park is the beginning of many to come.

 

Read more : http://allafrica.com/stories/201607270544.html

hawwasa Industrial Park modelAddis Ababa July 14/2016  Chinese Ambassador to Ethiopia La Yifan said the Hawassa industrial park which inaugurated yesterday is a ‘good model’ for Africa in terms of infrastructure it contains and the time the construction took.

“I believe this is a good model not only the rest of the Ethiopian industrial parks around the country but also a good example for other African countries”, Yifan said in a press conference he gave here yesterday.

Construction of the park, the first of its kind in the country, consumed more than 250 million USD and built in record time of less than one year.

The Ambassador said the completion of the construction of the park within nine months is a ‘world record’.

“…no country has done that with world class facilities such as the Hawassa industrial park”, Ambassador Yifan said.

It is an important achievement by the Ethiopian government in terms of facilitating situations towards industrialization and thereby achieving its second five year plan (GTP-II).

The design and construction of the park has carried out by the China Communications Construction Company (CCCC).

The park has attracted 15 leading textile and garment companies from America, China, India, Sri Lanka and six local companies.

Upon fully operational, industries within the park are expected to create 60,000 jobs.

Source: - ENA

Prime Minister A special report on Newsweek

RETHINKING ETHIOPIA

 

In times of economic uncertainty, nations tend to focus on domestic concerns and lose sight of issues of global importance. This March, Ethiopia’s Prime Minister, Hailemariam Desalegn, called on the world not to forget his country as it faces its worst drought in 50 years, which has put more than 10 million people at risk of famine and could erode the remarkable achievements Ethiopia has made in the last quarter of a century.

Compared to many of its African peers, Ethiopia is a beacon of political stability, economic growth, and social advancement. In 2014, the United Nations Industrial Development Organization (UNIDO) chose it as one of two nations on the continent, and just three worldwide, for its pilot Programme for Country Partnership, in recognition of its commitment to inclusive and sustainable growth.

Under the leadership of Meles Zenawi and, since 2012, Prime Minister Desalegn, Ethiopia has been one of the world’s fastest growing economies over the past decade and secured significant human development gains. According to the World Bank, it boasts ‘strong, broad-based growth’, expanding by a mean annual 10.8% from 2004-2014, more than twice the regional average.

Agriculture accounts for the lion’s share of Ethiopia’s GDP and exports, and employs three in four locals. Now, in line with the government’s second Growth and Transformation Plan (GTP2), the sector will provide the means for Ethiopia to transition to a new, value-added economic model, based on building its agro-industrial and manufacturing sectors at home to maximise export earnings and boost investment from beyond its borders.

Home to around 100 million, Ethiopia has slashed poverty levels from 39% in 2004 to be on target for 22.2% by the end of last year. It has also made major strides towards its Millennium Development Goals, reducing child mortality, rolling out primary education, doubling access to drinking water in just five years, and extending its Productive Safety Net Program to cover eight million vulnerable citizens.

 

  Read more at: http://d.europe.newsweek.com/en/file/6/ethiopia-special-report.pdf

hawwasa Industrial ParkAddis Ababa July 13/201 The Hawassa eco-industrial park that attracted 15 leading global apparel and textile companies inaugurated today, with the presence of Prime Minister Hailemariam Desalegn and other high-level officials.

Construction of the park, the first in its kind in the country, consumed more than 250 million USD and built in record time of less than one year.

The park is implementing Zero Liquid Discharge (ZLD) that enables to recycle 85 percent of sewerage disposal water and fulfills international standards.

Covering an area of 1.3 million square meters, of which 300, 000 meter square is factory shed build up area, the park have additional area allocated for shared facilities.

It has also accompanied with all government services including One Stop Shop.

Some 15 leading textile and garment companies from America, China, India, Sri Lanka and six local companies are ready to start operation in the park.

Upon fully operational, industries within the park are expected to create 60,000 jobs in double shift.

The revenue the nation earns from textiles and garment is expected to hit one billion USD from the current 150 million USD per annum, upon going fully operational.

The park will be used as a model for other industrial parks to be built in other parts of the country such as Dire Dawa, Kombolcha, Adama and Mekele.

  Read more at: http://www.ena.gov.et/en/index.php/economy/item/1642-hawassa-industrial-park-inaugurated

Over the week, several delegations with investment interests in Ethiopia have visited the country according to Arkebe Oqubay (PhD), Special Advisor to the Prime Minister, who said that about five delegations from different countries have also met top government officials.

The delegations were from China Hunan province, South Korea, and clothing retail giant H&M. At a discussion held with Chinese investors at Eliliy Hotel, Arkebe said that the country has caught the attention of international investors.

Investors from Hunan province’s heavy equipment industry, represented by officials from the province, expressed their interest in investing in the country throughout their visit, which includes site visits and meetings with top officials in Ethiopia.

About a month and half ago, a delegation from Ethiopia visited the province and met the province’s officials and companies’ representatives.

Fitsum Arega, Commissioner of the Ethiopian Investment Commission (EIC), told the media that the Chinese visit was conducted as a follow up to the Ethiopians’ visit.

Sanny, an earthmoving equipment manufacturer, Tebian Electric Apparatus Stock Co. Ltd. (TBEA), producer of transformers and other energy products, and CGCOC a civil contractor engaged in several private and public big projects in the country, are the companies that have agreed to establish an industry park in Adama.

As per the deal with government, the stated companies will be the lead developers of the park to be named Ethiopia Hunan Equipment Manufacturing Industry Park, to be located on 300 hectares of land. The Chinese Export Import (EXIM) Bank has also agreed to provide USD 1 billion to establish the park.

“Sanny and TBA will be anchor investors in the park, while others will be linked with the two major firms to supply their product for local and international markets,” Fitsum said.

He added that these companies are engaged mainly on manufacturing import-substituting products.

The Industry Park Development Corporation (IPDC), a state owned park development enterprise, is in the process of commencing the park’s development in Adama, 90km east of Addis Ababa. The park will mainly accommodate textile manufacturers.

Chinese Jiangsu Sunshine Group and Kingdom, and the South Korean Yanguan Corporation have also agreed to join the Adama Park. Sunshine, which will produce wooland Kingdom to produce Lynen fabric, will invest on 80 and 30 hectares of land respectively at the park.

“The Korean firm shall develop 100 hectares, but it is very big company that will need more land in the future,” the commissioner added Fitsum said that the IPDC Park in Adama is not like the Hawassa Park; in Adama, the state corporation shall develop land, while the companies develop the buildings on their own.

 

Source Capital Ethiopia June 3, 2016

At: https://asokoinsight.com/news/high-number-of-foreign-delegations-of-investors-visit-ethiopia-this-week/