Ethiopia earns USD 110 mln from exports by five industrial parks

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ADDIS ABABA – Industrial Parks Development Corporation (IPDC) reported that Ethiopia got 110 mln USD from the export goods of government Industrial parks in 2018/19 fiscal year.

IPDC’s Chief Executive Officer, Lelise Nemie, told journalists that among the seven industrial parks currently operational in the country five of them are producing exportable items and have secured about 110 mln USD in the current Ethiopian Fiscal year.

The revenue is 115 percent up from that of last year. The corporation has also collected Birr 316 mln from renting of sheds and selling of services, which has shown Birr 161 mln increase compared to last year.

“In addition to this, these industrial parks created job opportunity for 50, 000 permanent employees in manufacturing and nearly 39, 000 temporary employees in building the remaining industrial parks”, she said.

She said that, currently, seven industrial parks are operational, three of them – Adama IP, Jimma IP, and Debre Birhan IP – were inaugurated in this year, adding that the remaining four industrial parks of Bole Lemi II, Bahir Dar, Dire Dawa, and Kilinto are ready for operation.

According to her, many citizens have obtained short and long-term training in different industrialized countries.

“We didn’t encounter power interruption in this year and this played a great role for our export achievement”, she said, adding that the corporation is doing research in collaboration with Ministry of Mines and Petroleum of Ethiopia to seek alternative source of power.

The Ethiopian Herald Junly 6/2019

BY ABDUREZAK MOHAMMED