ADDIS ABABA – Debre Birhan Town Administration announced that some 167 factories are under construction and many others are making requests to build new industrial units.
Debre Birhan Deputy Mayor Bedlu Wubshet told the Ethiopian Press Agency (EPA) that the town continues to be the center of gravity of investment, and many investors are still making requests to build their factories.
Having been supplemented by the Made in Ethiopia movement, the town administration has managed to put 20 factories into production. In addition to this, 18 other factories have put in machines that enable them to produce and they are expected to start production soon, the deputy mayor added.
Some 167 factories have received investment permits in the town and they are under construction. Many investors are still making requests to get land for their projects. The administration transferred 52 hectares of land to more than 60 investors in nine months.
Bedlu further highlighted that the administration supported investors who were supposed to enter into operation in nine months to commence construction.
As a result, a first warning was given to 40 factories, a final warning was given to another 22 and the land that was transferred to 12 factories which were unable to commence operation was confiscated and put into the land bank.
“Although there is a security impact in the flow of investment, there is improvement every year and now there is peace in the town, many more infrastructures and good governance works are being done from the investment.”
Discussions are being held in all areas regarding maintaining the peace of the town and the administration will work diligently to increase the flow of investment and ensure that Debre Birhan residents are provided with housing by maintaining the relative peace that has been gained, the deputy mayor remarked.
BY MESERET BEHAILU
THE ETHIOPIAN HERALD WEDNESDAY 22 MAY 2024
