Donation Amount. Min £2

Ethiopia has earned 610 million U.S. dollars from Chinese built industrial parks, the Ethiopia Industrial Park Development Corporation (EIPDC) disclosed on Sunday.

Behailu Kebede, Marketing and Communications Department Chief at EIPDC, said the 610 million U.S. dollars export revenue was earned from 13 Chinese built industrial parks.

Kebede further said the 13 industrial parks have created job opportunities for more than 89,000 Ethiopians, reported state media outlet Ethiopia Broadcasting Corporation (EBC).

"The textiles and other export related products produced by industrial parks have garnered good reviews by European and North American customers," Kebede said.

Ethiopia currently has 13 operational industrial parks, with several more under-construction expected to be commissioned during the current Ethiopian Fiscal Year 2020/2021.

In recent years, Ethiopia has embarked on industrial parks' construction and commissioning activities, as part of a broad economic strategy to make the country a light manufacturing hub in Africa by 2025.

The Ethiopian government has attached great importance to cooperation with Chinese firms in various fields.

These include the construction of industrial parks along with giant Chinese firms investing in various industrial hubs, the majority of which were built with Chinese expertise and finance. Xinhua

About IEA Media Ltd

Informer East Africa is a UK based diaspora Newspaper. It is a unique platform connecting East Africans at home and abroad through news dissemination. It is a forum to learn together, grow together and get entertained at the same time.

To advertise events or products, get in touch by info [at] informereastafrica [dot] com or call +447957636854.
If you have an issue or a story, get in touch with the editor through editor[at] informereastafrica [dot] com or call +447886544135.

We also accept donations from our supporters. Please click on "donate". Your donations will go along way in supporting the newspaper.

Get in touch

Our Offices

London, UK
+44 7886 544135
editor (@) informereastafrica.com
Slough, UK
+44 7957 636854
info (@) informereastafrica.com

Latest News

IMF Executive Board Approves a 38-month US$1,729 million Extended Credit Facility Arrangement, and a US$1,038 million Resilience and Sustainability Facility Arrangement for the Democratic Republic of the Congo

IMF Executive Board...

In Summary The Executive Board of the International Monetary Fund (IMF) approved today a 38-month ar...

European Union Special Representative for the Great Lakes Region, Johan Borgstam, makes first official visit to Tanzania

European Union Speci...

As part of ongoing regional engagements, European Union Special Representative, Borgstam will hold...

Eastern Equatoria deploys forces along border with Uganda

Eastern Equatoria de...

The Government of Eastern Equatoria State has deployed SSPDF forces at Tsertenya, between South Suda...

Farah Maalim kicked out as Wiper calls for Ruto to resign

Farah Maalim kicked...

Wiper leader Kalonzo Musyoka addresses a press conference at SKM command centre, in Nairobi, on Jan...

For Advertisement

Big Reach

Informer East Africa is one platform for all people. It is a platform where you find so many professionals under one umbrella serving the African communities together.

Very Flexible

We exist to inform you, hear from you and connect you with what is happening around you. We do this professionally and timely as we endeavour to capture all that you should never miss. Informer East Africa is simply news for right now and the future.

Quality News

We only bring to you news that is verified, checked and follows strict journalistic guidelines and standards. We believe in 1. Objective coverage, 2. Impartiality and 3. Fair play.

Banner & Video Ads

A banner & video advertisement from our sponsors will show up every once in a while. It keeps us and our writers coffee replenished.