Belayab Group – a conglomerate with a diversified business portfolio ranging from hospitality, electric cables supply and food processing in addition to car assembly has signed a joint venture agreement with Geepas—a leading consumer electronic brand in the Middle East – for the manufacturing and assembly of Geepas products in Ethiopia.
The Government of Ethiopia has lifted a year old controversial privilege given to local rebar manufacturers which directs public procurement agencies to purchase reinforcement bar exclusively from local producers, The Reporter has learnt.
Wondfo JCC, a division of GUANGZHOU WONDFO BIOTECH CO., LTD, a China based company is opening-up shop in Ethiopia partnering with REY Import and Export PLC, Delta Instrument Technology PLC and EZM,local Ethiopian enterprises.
In an attempt to address the hinging shortages of raw materials for manufacturers, the Industrial Parks Development Corporations Enterprise (IPDC) has taken initiatives to subsidize and link Small and Medium Enterprises with foreign companies housed in the Bole Lemi Industrial Park.
After a half a century stay in the Ethiopian trade business, local dealers and Isuzu Motors International via Itochu Corporation — the trading and export house of Isuzu Motors – have reached terms to set up an assembly line in Ethiopia, The Reporter has learnt.