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Ethiopia to Open First Industrial Zone to Bolster Economy

Ethiopia will spend 900 million birr ($49 million) to open its first industrial hub for export-oriented manufacturers in a bid to deliver faster economic growth, Industry Minister Mekonnen Manyazewal said.

South Korean garment-makers are among companies in talks with the government about establishing operations at the planned site in the capital, Addis Ababa, Mekonnen said in an interview in the city on March 15. The facility is scheduled to open before the fiscal year ends on July 7, he said.