Ethiopia aims to cut sugar tax ahead of privatization plan

ADDIS ABABA (Reuters) – Ethiopia plans to cut an excise tax on sugar to 20% from 33%, according to a draft law in parliament, proposing the move ahead of plans to privatize... Read more »

Ethiopia – Huajian Group to manage Jimma Industrial Park

A memorandum of understanding that enables the Chinese company Huajian to manage and operate the shades in Jimma Industrial Park was signed with Industrial Parks Development Corporation today. Briefing journalists, Investment Commissioner... Read more »

Ethiopia’s garment workers lowest paid in the world -Report

(CNN) With a range of economic incentives like the freshly built industrial parks for garment manufacturing, Ethiopia has positioned itself to become one of the world’s top exporters of textile and garments. The... Read more »

Volkswagen signs MoU with Ethiopia, develop auto industry

Volkswagen has signed a Memorandum of Understanding with the government of Ethiopia to “collaborate and deliver a joint vision for the development of an automotive industry in the country”, including the possible... Read more »