Items filtered by date: Monday, 08 January 2018

Addis Ababa January 08/2018 The British company Intrade UK Ltd. has concluded today an agreement to build a 100-million-USD textile and garment factory at Mekele Industrial Park.

The agreement is part of the 200 million USD Memorandum of Understanding (MoU) to invest in textile and garment, pharmaceuticals, and agricultural products processing sectors.

The company which owns cotton farming in Sudan has got a 200 million US dollar investment license in textile and garment, pharmaceutical and agricultural products after signing a Memorandum of Understanding (MoU).

The textile and garment factory to be built in the industrial park will reportedly create more than 1,300 new jobs.

The factory which will rest on 10.5 hectares is expected to start production after 16 months.

Today's agreement was signed by Chief Executive Officer Wagdi M. Mahgoub and Investment Commissioner Fitsum Arega.

Commissioner Fitsum said the number of investors engaging in the textile and garment industry is growing and the upcoming factory will strengthen the inter-linkage of industries by supplying raw materials.

He also said the factory will provide textiles for garment exporters thus replacing imported raw materials.

Chief Executive Officer Wagdi M. Mahgoub said on his part the favorable investment opportunity in the country has attracted the British company to invest in the country; and investing in the textile sector is the right decision on the part of the company.

Published in Economy

Addis Ababa January 08/2018 Prime Minister Hailemariam Dessalegn has met with Sudanese Armed Forces Chief of Staff Lieutenant General Emad al-Din M. Adawi today.

The Chief of Staff delivered a letter from President Omar Hassan al-Bashir to the Prime Minister.

The two officials discussed bilateral relations and issues related to the countries in the region.

Lieutenant General Emad al-Din M. Adawi who said Ethiopia is a strategic partner of Sudan added that the countries will further strengthen their cooperation.

He stressed that a challenge one of the nations faces would harm the other. Therefore the effort to collaborate in containing problems will continue.

According to Media and Public Relations Delivery Unit Head at the Prime Minister Office, Zadig Abraha said the cooperation between the two countries has been growing since the launching of the Grand Ethiopian Renaissance Dam.

He added that today's discussion focused on how to further improve the bilateral relations.

Prime Minister Hailemariam has expressed his commitment to strengthen the relation between the two countries.

The Premier and President Omar Hussein al-Bashir had signed agreements for the economic and political integration as well as working jointly for common peace during the latter's visit to Ethiopia last March.

Published in Politics
Monday, 08 January 2018 22:43

President Mulatu on Working Visit in Cuba

Addis Ababa January 08/2018 President Mulatu Teshome is paying an official working visit to Cuba, according to Ministry of Foreign Affairs.

He is visiting the country following the invitation of President Raul Castro of Cuba.

The leaders will discuss about consolidating further the relations of the two countries in various sectors, in education, health and technology sectors in particular.

They are expected to sign various agreements.

Published in Politics

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