Bole Medhanealem,
In front of Kebe Cake Rehobot Apartment Building 1st Floor
Addis Ababa, Ethiopia
P.O.Box 25378/1000
The two-day investment expo last week was opened with Deputy Prime Minister Demeke Mekonen, which saw the attendance of local investors. One of the local investors, Belayneh Kinde, inaugurated an electric car assembly plant at the cost of two billion Br this week. The plant is expected to employ up to 500 people and will begin assembly operations within three months, at a capacity of 1,000 cars yearly. Yilikal Kefale, Amhara Regional State administrator, had availed a textile factory in Debre Berhan opened at the cost of a billion Birr by Zema Textile Group in January. The CEO of Shirshir Addis Business Group, Bereket Baysa, revealed last month another electric car assembly plant is being built by the group that lies on 46,000 sqm.
Source: Fortune
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