Ethiopia announces four more industrial parks as debt fears growEthiopia has announced plans to commission four Chinese-built industrial parks by the end of the year as concerns grow over the level of debt the country is taking on. Belachew Mekuria, the commissioner of the Ethiopia Investment Commission, said the government expected to give the go-ahead to parks at Jimma, Adama, Arerti, and Dire Dawa, reports Xinhua, China’s state news agency. Jimma and Arerti Industrial Parks are expected to be built by China Communications Construction Company (CCCC) and Dire Dawa and Adama Industrial Parks are being constructed by China Civil Engineering Construction Corporation (CCECC). Mekuria added that Arerti Industrial Park would produce building materials and Adama would contain a suite of factories to turn woollen fleeces into textiles. One of the main means of reaching that goal is to build 30 industrial parks, thereby increasing manufacturing output from about 5% to 20% of GDP (see Further reading).

Source: Ethiopian News September 03, 2018 13:52 UTC