dezembro 28, 2018

5 minutos As African countries pursue industrialization, the Chinese-built industrial parks and free trade zones have been gaining momentum in the socio-economic drive of the continent, some significantly accelerating the process of industrialization and job creation.  Mastewal Tsegaye, a graduate of the Arba Minch University in Ethiopia, is among the many young Ethiopians working for Chinese companies in Ethiopia’s industrial parks. After failing to find a job related to her major for more than a year, Tsegaye was finally employed by the Huajian Shoe Continue lendo→

1 minuto The government will prepare for the launch of three Special Economic Zones (KEK) in 2019, a KEK official stated in Jakarta on Thursday. “It can be launched next year if already completed. (The KEKs) are Sungai Liat and Tanjung Gunung in Bangka Belitung and Singosari in East Java,” Enoh Suharto Pranoto, secretary of the National KEK Council, stated in Jakarta, Thursday. Pranoto noted that the government continues to pursue the inauguration of the three KEKs in a short time, as preparation of Continue lendo→

1 minuto The Federal Government is planning to spend about N42bn for the rehabilitation of special economic zones in the 2019 fiscal period. The amount is contained in the 2019 budget proposal, which was presented to the National Assembly last Wednesday by President Muhammadu Buhari. The 2019 budget has an estimate of N8.83tn, made up of N4.04tn for recurrent expenditure, N2.03tn for capital expenditure and N2.14tn for debt servicing, among others. The economic zones are being established by the government to drive manufacturing and Continue lendo→