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Ethiopia targets $10bn for industrial park development

Image Credit: African Globe

As part of their strategy to turn the country into a leading manufacturer on the continent, the Ethiopian government is targeting $10 billion in investment over the next 10 years to develop industrial parks to house textile, leather, agro-processing and other labor-intensive industries. The government may invest up to half of the required capital with the balance being sourced from DFIs, international lenders and private equity firms interested in tapping into the country’s strong growth metrics.

Read more at Bloomberg…

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