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
Senior officials and employees of the zone took part in this planting effort, aiming to create a lasting reference point. This initiative not only contributes to establishing the zone’s legacy but also functions as a long-term income-generating strategy. The Special Forces living around the zone also participated in planting the seedlings. Zooniin Diinagdee Addaa Gadaa,...Continue Reading
The Sub-Lease Agreement between Gada Special Economic Zone Development Corporation (GSEZDC) and AGP Poultry plc was formally signed, marking the allocation of 40,000 square meters of land for the establishment of a hatchery dedicated to producing 14.4 Million one day-old chickens per year. Both GSEZDC and AGP Poultry’s senior management expressed their appreciation for the...Continue Reading
On Aug 23 2024 Ethiopia set to achieve a significant milestone of planting 600 million trees in a single day as part of the Ethiopian Green Legacy Initiative, a national effort aimed at combating climate change and restoring degraded landscapes. This monumental event underscores Ethiopia’s commitment to environmental sustainability and positions the country as a...Continue Reading
Gada Special Economic Zone has given awareness training on the implementation of the Special Economic Zone Proclamation 1322/2016 at Adama. Gada Special Economic Zone Director General, Mr. Motuma Temesegen, delivered an opening message at the awareness creation forum, stated that the efforts to transform our economy will be done effectively in short period of time...Continue Reading
Gada Special Economic Zone (GSEZ) convened a consultative meeting at its headquarters in Adama with investors who had secured investment approval from the GSEZ Managing Board. The session commenced with a welcoming address by Mr. Motuma Temesgen, the Director General of GSEZ, followed by insightful briefings delivered by Mr. Dame Chali, Head of the Investment...Continue Reading
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