Chinese Shoe company takes over the management of Jimma Industry Park in Ethiopia
The Ethiopia government has awarded the management of the recently built state owned Jimma Industry Park to the Chinese company, which produces shoes. Hua Rong Zhang, President of the Huajian Company and Lelise Neme, Chief Executive Officer of the Ethiopian Industrial Parks Corporation have signed the deal.
Besides looking after the management of the park, the Chinese company will bring in Chinese companies into the Jimma Industrial Park, producing textiles, garments, shoes, furniture in coming five years.With a $100 million investment, Huajian has given employment to 8,000 people.
With financial help from the International Finance Corporation of the World Bank, the Ethiopian government as built 7 industrial parks including Jimma Industry Park. The government plans to build a total of 12 industrial parks. In addition, about half a dozen industrial parks are owned by private investors, including the Chinese.
In a recent visit to China, The Ethiopian Prime Minister Abiy Ahmed has struck deal with a Chinese company to supply electric power for industrial parks.Ethiopia News Textile Value Chain