December 17, 2024 After years of anticipation, lawmakers have approved the long-awaited banking business proclamation, paving the way for foreign banks to enter Ethiopia’s financial sector. The proclamation allows foreign banks to enter the Ethiopian market by establishing subsidiaries, opening branches or representative offices, or acquiring shares in existing local banks. However, it sets a...Continue Reading
GSEZ inks a memorandum of understanding with Innovate Future AS on the 10th of December 2024 at Skylight Hotel, Addis Ababa. The MOU was signed by Mr. Motuma Temesgen, Director General of GSEZ and Mr. Steinar Gulaker, the CEO of Innovate Future AS from Norway to forge collaborations between GSEZ and Innovate Future AS to...Continue Reading
Galgalo Boru from the Norwegian Embassy to Ethiopia, Marita Hammer, General Manager of Balmland trading PLC, and Steinar Gulaker, a Norwegian researcher, visited Zuqualla Horticulture, located in the Gada Special Economic Zone (GSEZ) today. Their visit aimed to explore investment opportunities in innovative Aeroponic Farming Solutions, a cutting-edge agricultural technology designed to address climate challenges,...Continue Reading
On December 2, 2024, the Gada Special Economic Zone Development Corporation (GSEZDC) officially handed over a designated site to Kun Huang International Industry Park Developer PLC for the development of a private industry park. This strategic collaboration designates Kun Huang as a sub-developer under the GSEZ framework, tasked with transforming a 20-hectare area into a...Continue Reading
Board Members of Gada Special Economic Zone (GSEZ) visited the status of GSEZ Projects today. The Board Members of GSEZ, under the leadership of H.E. Tolesa Gedafa, conducted a comprehensive site visit to assess the progress of various ongoing projects within the zone. Accompanied by the GSEZ Management team, consultants, contractors, and key investors, the...Continue Reading
Gada Special Economic Zone, Ethio Telecom South East Region, and Ethio Telecom enterprise high officials held a constructive discussion at the Adama GSEZ headquarters. To realize their respective corporate missions areas of cooperation were identified and key action points were discussed to take immediate actions regarding digitalization, infrastructure connectivity, experience sharing, capacity building, and ERP...Continue Reading
The Gada Special Economic Zone (GSEZ) officially received its Digital Strategy in a formal handover ceremony, jointly organized with the Oromia Science and Technology Authority (OSTA). The event witnessed the presence of prominent figures, including Mr. Motuma Temesgen, Director General of GSEZ, and Engineer Jima Tulu, Deputy General Manager of OSTA. During the occasion, Engineer...Continue Reading
Gada Special Economic Zone (GSEZ) held a consultative meeting with investors.The Gada Special Economic Zone (GSEZ) organized a consultative meeting with investors who had been operating in the area prior to the establishment of the GSEZ. The meeting took place at the Headquarters in Adama, with an opening speech delivered by Mr. Motuma Temesgen, Director...Continue Reading
Chongqing Kunhuang International Industry Group (CKIIG) signed a Sub-Developer Agreement with Ethiopian Investment Commission for sub-development of a parcel of land within the Gada Special Economic Zone. CKIIG with a total capital of 50 million USD (close to 6billion ETB) aims to develop and implement its project in 20 ha of land, passed a decision...Continue Reading
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