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China-Africa Trade Information Service
This landlocked country of over 100 million people on the Horn of Africa is transforming itself into Africa’s manufacturing hub. The Ethiopia government is luring investments with tax incentives, infrastructure investment, and cheap labour.
Six textile and garment oriented industrial parks that Ethiopia is currently busy setting up, are expected to generate $30 billion worth of exports by 2025.
According to the Ethiopian Investment Commission, Ethiopia announced plans to build four industrial parks by the end of the year.
The World Bank Board of Executive Directors has approved that it scales up support to accelerate Ethiopia’s economic development with a total of 1.35 billion USD grant and credit for the country.
The Ethiopian Airlines Group is making more capacity to meet the demand arising from the robust trade, investment and tourism relations between China and Africa.
On Aug.13,2018,Ethiopian President Mulatu Teshome visited the Chinese built Eastern Industry Zone to inspect the production and operation of the Zone.The Ethiopian government has begun to vigorously promote the construction of industrial parks across the country.
Ethiopian scientists have developed a new sorghum variety that could lead to multiple yields annually.
The Ethiopian Agricultural Business Corporation said it faces obstacles in modernizing the agricultural sector in terms of quality and supply of fertilizers.
This 20-year plan, AADMP, will enable the development of the electricity distribution network within a 50 km radius of Addis Ababa. It identifies where refurbishment and expansion are needed in order to meet rapidly growing demand, increase reliability of supply.