February 2018

Ethiopia’s three recently inaugurated Chinese-built industrial parks are attracting export-oriented foreign companies to the east African country’s textile and apparel production setting.

Industrial parks operated or owned by IPDC in this country.Ethiopia plans to construct 17 Integrated Agro Industrial Parks (IAIPs) that will be built in all states. Four states have already laid cornerstones to commence the construction of their own agro-processing industrial parks. The parks will help the country speeding up its economic transformation from farming to industrial-led one.

ADDIS ABABA, Oct 10 (Reuters) - Ethiopia’s central bank devalued the Ethiopian birr by 15 percent on Tuesday, its first such move in seven years to boost lagging exports.The birr was quoted by the National Bank of Ethiopia at a weighted average of 23.4177 against the dollar on Monday, compared to what will be 26.9215.“The devaluation was made to prop up exports, which have stagnated the last five years owing to the birr’s strong value against

This certificate was awarded to Shikudad General Trading PLC in recognition of the vital role our company has played in the success and growth of the company.