Jotun Ethiopia, the Norwegian paint manufacturing company, has signed a contract with the Industrial Parks Development Corporation (IPDC) to expand its factory in the Bole Lemi Special Economic Zone. The agreement, signed by Fitsum Ketema, Deputy CEO for Operations and Park Administration at IPDC, and Jotun Ethiopia’s representative Mohammed, marks a significant investment in the country’s manufacturing sector. The expansion is expected to boost local paint production and create job opportunities, reinforcing Ethiopia’s appeal as a destination for foreign direct investment. The Bole Lemi Special Economic Zone, a hub for industrial activity, will benefit from increased capacity and economic activity.
Article and image source: newbusinessethiopia.com
