PM Hawassa Industrial Park

Favorable conditions are being created to make the industrial sector take a leading role in the country’s economy, Prime Minister HailemariamDessalegn said.

Speaking at the laying of cornerstone for the construction of an industrial park in Hawassa city today, the Prime Minister said the government is focused in making farmers and pastoralists benefit from their products by undertaking improved agricultural-based development in the country.

The current growth level of the country would enable to create a favorable condition for the laying of foundation for the steady transfer of the nation to industrial development, he said.

Industrial Parks Development Corporation Board Chairperson, ArkebeEqubay, said on his part that Hawassa is one of the places selected for the development of industrial parks at federal level.

See more at:


Foreign direct investment into Ethiopia  will reach a record $1.5bn this year, on the back of successful efforts by the fast-growing and populous African country to attract overseas manufacturing companies.

Only seven years ago, the country with a population of 94m drew only $108.5m in inward investments from overseas. But it has been growing at double-digit rates, thanks to increased relocation of factories, attracted by low wages, cheap power and supportive government policies.

See more at:

Chinas leading economic and trade hub, Guang Dong Province is keen to further boost its trade and investment ties with Ethiopia, Provincial authorities said.

Companies based in the province are interested to engage in infrastructure, energy development, and tourism areas, Guang Dong Provinces Foreign Affairs Office Deputy Director General MrLuo Jun told African journalists in the provincial capital Guangzhou.

Apart from the enabling policy framework of Ethiopia for investment, the government has taken the lead as the first African country to open a consular office in the provincial capital Guang Zhou, where Ethiopian airlines, the national carrier, flies five times a week which accelerate the rate of investment flow to the country, he said.

He expressed hope that as a transit for Chinese entrepreneurs to different African countries Ethiopia will ultimately end up as a good destination for investment from his province.

The investments of telecom companies, Huawei and ZTE, and the recently inaugurated light industrial city project by the shoe giant HuaJian Group are mega investment projects that raise the scale of ties between Guang dong and Ethiopia.

See more at:

dangote cementThe newly built cement plant, Dangote Cement, which owned by the Dangote Group, will be fully operational after a month.Dangote Cement's involvement in Ethiopia in the Oromia regional state, about 85 km west of Addis Ababa, will enable the nation meet increased demand for cement created due to huge infrastructure developments.

The Dangote Cement undertaken with 400 million dollars with annual production capacity of 2.5 million tons makes it the biggest cement plant in East Africa.

Ethiopia which has been engaged on huge investments in infrastructure such as roads, dams, bridges and railways, was forced to import cement to address shortages.

Currently, cement demand in Ethiopia is estimated to be around 7 to 8 million tons per annum, while production stands at 5.4 million tons. Up on fully operational after a month, the Dangote Cement is expected to raise the country's cement production t 8 million tons per annum.

See more at:

mulatu teshomeEthiopian President MulatuTeshome called on South Korean companies to invest in his country saying Ethiopia offers a vast business and investment opportunities.

The President, who is in South Korea attending at the World Water Forum, expressed his desire to see more Korean investors in Ethiopia.



See more at: http: