Venture in Ethiopia

Ethiopia inaugurated on July 9 a Chinese-built $90-million industrial park in Kombolcha City, Amhara Regional State, 376 km north of its capital, Addis Ababa.

The industrial park is part of the Ethiopian Government’s plan to make the country a manufacturing hub in Africa. It took China Civil Engineering Construction Corp. nine months to build the facility.

“Factories engaged in exportoriented business in Kombolcha will have an ideal setting to export their goods through the Port of Djibouti 480 km away,” said Ethiopian Prime Minister Hailemariam Desalegn at the inauguration ceremony.