Industrial parks get more foreign finance According Sisay Gemechu, head of the Industry Park Development Corporation, European and Chinese financial companies are negotiating with the government of Ethiopia to provide finance for the upcoming industry park project. The World Bank recently allocated a large loan to construct two parks in Addis Ababa – Bole Lemi 2 and Qilinto. Currently the government of Ethiopia is paying for the project from public coffers and cash from Euro bond sales. The Chinese Export Import (EXIM) Bank and the European Investment Bank will be the other options to develop more parks in the country. He hinted that there will be other sources in the future. The World Bank loan has been allocated to construct industry park development projects that will be located in Addis Ababa. (Source: Daily Post
