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A Government-owned corporation is a legal entity that undertakes commercial activities on behalf of an owner government. There is no standard definition of a government-owned corporation (GOC) or state-owned enterprise (SOE), although the two terms can be used interchangeably.
Joint with Hyundai Motor Company (South Korea) P A National Bank of Ethiopia: Financials Banks Addis Ababa: 1906 Central bank. formerly Bank of Abyssinia: S A Oromia International Bank: Financials Banks Addis Ababa: 2008 Private bank P A Selam Bus Line Share Company: Consumer services Travel & tourism Addis Ababa: 1996 Passenger transport P A
About 60% Ethiopian labor population deployed to cash crop farming sector, which include spices, coffee, tea, cut flowers, honey, cotton, wheat, oilseeds, khat, beeswax, vegetables, fruits and pulses. The high-value oil seeds cultivated in Ethiopia for exports accounted $446 million while fruits and vegetables accounted $538 million in 2017.
The Hawassa Industrial Park, inaugurated on 13 July 2016, [3] is a government-funded project in Ethiopia, specializing in the textile and garment industry. [4] [5] During the opening ceremony, Prime Minister Hailemariam Desalegn described the industrial park as an important step towards Ethiopia's goal of becoming a leading manufacturing hub in Africa. [6]
Manufacturing in Ethiopia was, before 1957, dominated by cottage and handicraft industries which met most of the population's needs for manufactured goods such as clothes, ceramics, machine tools, and leather goods. Various factors – including the lack of basic infrastructure, the dearth of private and public investment, and the lack of any ...
METEC (acronym for Metals and Engineering Corporation) is an Ethiopian arms and machinery industry founded in 2010. [2] Being the state largest military industrial complex, it is responsible for the production of military equipment and civilian products. METEC works with foreign companies such as Alstom from France, and Spire Corporation from ...
The Ministry of Trade and Industry (Amharic: የኢትዮጵያ የንግድና የኢንዱስትሪ ሚኒስቴር) is an Ethiopian government department responsible for the oversight of the national trade and industry sectors in Ethiopia. [1]
The 1975 nationalization of major industries scared off foreign private investment. Private direct investment, according to the National Bank of Ethiopia, declined from 65 million birr in 1974 to 12 million in 1977. As compensation negotiations between the Ethiopian government and foreign nationals dragged on, foreign investment virtually ceased.