The Ethiopian Herald (Addis Ababa)
22 October 2006
Sebetta — The Sebetta town administration in the South West Shoa zone of Oromia State said that investors with an aggregate capital of close to one billion birr are undertaking various development projects in the town.
Town Administration Mayor Shimeles Hasenu told the Herald that the flow of investors is rising sharply over the last few years since the town administration has undergone reforms.
He said 195 investors, of which 155 have gone fully operational, are engaged in metal industries, plastic manufacturing, agro processing, real estate and hotels, among others.
The projects have so far created employment opportunities for about 7,000 town residents, the Mayor noted.
The Town Administration has designated 40 hectares for an industrial zone with all infrastructural facilities fulfilled, he said, adding that the plots are being provided to investors who are engaging in the garment, agro processing and chemical industries.
According to the Mayor, the town and its environs are also increasingly luring flower developers. Two investors are developing two extensive farms, while a lot more others are taking licence to engage in the same industry outside of the town.
The Town Administration and the investment board are doing their level best to ensure prompt services for investors, he said adding that it would only take few days to give investment licence.
He, however, said that the administration takes strong measures against licensed investors who fail to enter on their projects.
by Aregu Balleh
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