EIC sign 4 MoUs with Chinese companies

 Addis  Ababa  April 26/2019  The Ethiopian Investment Commission has signed memorandum of understanding with four Chinese companies that have decided to invest in Ethiopia, according to the Office of the Prime Minister.

The MoUs were signed at the margins of the Belt and Road Forum.

Accordingly, Taison Group and Green Diamond will establish a large-scale bamboo pulp-paper manufacturing in Assosa, Benshangul Gumuz regional state. It will have a capacity to manufacture one million tons of pulp paper per annum.

Amity Printing, the other company, has agreed to set up a printing factory in Ethiopia.

CGCOC Group will establish a fully integrated livestock and meat processing plant with an annual slaughtering capacity of 300,000 cattle and three million sheep in Awash Fentale.

Zhende Medical Products Manufacturing will invest in a pharmaceutical plant in Kilinto Industrial Park to manufacture wound care, surgical sensory, pressure therapy and fixed products.