Gada Special Economic Zone (GSEZ) participated in a consultative meeting held at Elilly International Hotel, where it presented investment opportunities to high-level delegates from the Republic of China who were visiting Ethiopia and Oromia. Mr. Motuma Temesgen, Director General of GSEZ, briefly outlined the investment opportunities and potentials of the zone.Continue Reading
Following up on the Government’s recent statement regarding Ethiopia’s economic reform program, the National Bank of Ethiopia (NBE) today released an official statement announcing a major revision of the country’s foreign exchange (FX) system effective immediately. Elaborating the latest reform, Governor of NBE Mr. Mamo Mihretu stated that the reform introduces a competitive, market-based determination...Continue Reading
A delegation of investors from the UAE, headed by H.E. Dr. Abdulaziz Dawud, the Head of the Office of the President of Oromia National Regional State and Regional Cabinet Affairs, visited Gada Special Economic Zone (GSEZ). Mr. Motuma Temesgen, Director General of Gada Special Economic Zone and the GSEZ management team welcomed them at GSEZ...Continue Reading
A Memorandum of Understanding was signed today, June 26, 2024, between GSEZDC and Chongqing Kunhuang Industrial Development Group at the GSEZDC Headquarters in Adama. This agreement enables the group to develop an industrial park for ceramic products and construction materials aimed at both domestic and international markets. The two parties held a productive discussion and...Continue Reading
The Ethiopian Investment Commission (EIC) and Gada Special Economic Zone (SEZ) signed a Memorandum of Understanding (MoU) today, facilitating the project’s official launch. Inaugurated last month with Prime Minister Abiy Ahmed’s participation, the Gada SEZ is envisioned as a multi-purpose economic hub designed to attract domestic and foreign investment across logistics, manufacturing, agro-processing, and real...Continue Reading
May 10, 2024, Prime Minister Abiy Ahmed led the inauguration of the Gada Special Economic Zone construction, overseeing the signing of a memorandum of understanding between China Civil Engineering Construction Corporation (CCECC) and the Oromia Regional State for the development of the Lume free trade zone within the Geda Special Economic Zone. During his address,...Continue Reading
Apr 18, 2024. During its 21st regular session of the third year of tenure today, the House of Peoples’ Representatives of Ethiopia (HoPR) sanctioned bills pertaining to Special Economic Zones proclamation and the amendment of the Intergovernmental Authority on Development (IGAD) establishment agreement. The Special Economic Zones proclamation bill was referred to the parliament by...Continue Reading