ADDIS ABEBA – Chinese top shoe manufacturer has agreed to manage and operate the shades of Ethiopia’s Jimma Industrial Park.
Huajian group signed a memorandum of understanding with state-run Industrial Parks Development Corporation (IPDC) on Thursday.
The agreement involves, according to the Corporation, “will take over all the shades” of the park, located some 350 km west of the capital Addis Ababa.
It will also build a vocational center for youth and invest in Coffee processing, which will involve local farmers nearby the industrial park, announced IPDC CEO, Lelise Neme, on Saturday, after signing the agreement.
The company plans to create direct and indirect job opportunities for 12,000 to 15,000 people.
“Huajian Group will develop about 9 shades to produce shoe, apparel, and other products, in addition to developing about 40 hectares of land to build coffee processing companies,” said Abebe Abebayehu, head of Ethiopian Investment Commission (EIC).
The group will cooperate with famous Chinese companies in the field by adding value to the products as the consumption of coffee is growing rapidly in China.
“We will also expand widely coffee processing companies in the area in the future as coffee is abundant around Jimma,” the commissioner stated.
Officials of the Huajian Group said they are confident that their investment in Jimma would be a success.
The company will also focus on coffee processing and export to the global market.
Huajian Group has built an industrial zone of its own in Ethiopia back in 2014, investing $2.2 billion, and has so far created jobs for about 8,000 people.