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Samsung Set to Open Assembly Plant in Ethiopia
Samsung announced that it has concluded an agreement with the Ethiopian government to establish a laptop and printer assembly plant in the country over the next few months. The announcement was made during the Fourth International Samsung Conference in Cape Town, South Africa.
Samsung Electronics East Africa's Chief Operating Officer, Robert Ngeru said "We have finalized the agreement with officials from the Metal and Engineering Corporation and officials from other government bodies". According to Ngeru, Samsung has also finalized agreements to assemble television sets and refrigerators in the country. Additionally, by partnering with MultiChoice Ethiopia, Samsung plans to offer consumers purchasing Samsung Televisions an inbuilt decoder. Accordingly, Samsung customers will get a free decoder with every purchased television set, thereby enabling them to enjoy the benefits of digital TV immediately
Samsung is rulling the world. They beat every body in the business, including the big Apple.
Diaspora crybabies, don’t tell us now we are selling the country. Don’t hate our govt for being smart and succesful.
Addis Zefzef the Woyane
Immature, childish, and intellectually challenged. What a moron!
Ranting all day long trying to give credit to useless and toothless TPLF and woyane like yourself for what Ethiopia and Ethiopians do is typical behavior of a looter and a disparate!!!
Hey BTW did you know diaspora runs Ethiopian economy? Were turns our they are not as useless as you who is a broke from DC with zero contribution???
Samsung builds ships, the Galaxy phones and many products in between. The Samsung family would like to own most everything in the world. Samsung stole every part of the Galaxy from iPhone; the only thing Samsung has to its name is a wi-fi technology, a patent they legally own. The Samsung story, with the exception of Japan, is a typical Asian story where they steal the West’s technology and become mega success overnight. It is not a fair thing to do, but we, Africans, can do what they came to symbolize: build our brand products by copying theirs.
This is a very good news for the job market in Ethiopia. If Samsung succeeds which i hope it will, other manufacturing companies will follow sooner than later. Ethiopia with her vast supply of labor force has the potential to compete with the Asian countries that have been so far the preferred destinations of the high-tech manufacturing jobs. Samsung knows that it’s not only cheap labor Ethiopia offers today, the country has also untapped market potential for electronics. Ethiopians are yet to buy their stoves, refrigerators, computers, televisions, cellphones and just about every other electronic goods Samsung designs and manufactures. The story is very similar in most of Africa which makes the continent the newest frontier for successful business. We are a gold mine. There is no place better than Ethiopia for companies like Samsung to manufacture and assemble their products for the African, middle eastern and European markets. More than 60 percent of the Ethiopian population is under 30, the country’s colleges are supplying the market every year with thousands of new graduates who should be well prepared for manufacturing jobs, its economy is gaining steam by the day, with the soon to be completed Gibe III project the country will have the most reliable power generation in the region, and so on. Hopefully, the regime that has failed so far to deliver democracy will manage to maintain the peace and security and attract more manufacturing jobs to speed up the growth of the the economy. If not, this beginning will become sadly a bust. Woyane better know more than the lack of democratic order in the country, it is the absence of new jobs for the young generation that will end its reign on power. Failing to create jobs for the fast increasing new graduates will spell disaster for the country. Ethiopia cannot send everyone for slavery in Arab countries. We need well paying jobs at home. Therefore, it is in everyone’s interest Samsung and the metal engineering corp succeed in their newest endeavor. It is a good start.
Well said but Ethiopia has to have its own port in order to attract more high wage paying jobs companies to set up in Ethiopia to produce finished goods for export to African and Arab countries. At the same time the more Ethiopia exports via Djibouti the more Ethiopia pays port fees and the inflation of the country will remain high and it is destroying the ordinary people’s life of Ethiopians. Your own port is the key to expedite economic growth by attracting foreing investors.
Halafi, you are absolutely right. you probably know i am a proponent for reinstating Ethiopia’s historical, legal, and rightful ownership of Aseb.
I always support companies like Samsung and others opening shops and investing in Ethiopia provide it benefits not only one particular sector of the society but all Ethiopians and help for growth of the country in a long run. Saying that, Why Metal & Engineering Corporation? A quasi-government military run entity is running the show? Why private Ethiopian companies were not given the chance?? Why EFFORT and MetEC are always given preferential treatment when it comes to signing contracts with foreign companies?? These two conglomerates never pay taxes, no audit on their books for years and these two aleady monopolized the private sector of the Ethiopian economy. They are suffocating the rest of struggling private companies.
You have become excessively obsessed with economic growth. But you failed to mentioned that Ethiopia stands first in exporting its aid money back to where it came from , the Western world. I am not sure what the Wayanes are doing with that exported hard currency. Imagine every year we lost 1 billion of the 3 year Billion dollar we get from USA and others. That is our number one priority now.
Instead of jumping into corrupt business such as that of Samsung which may end up being a busted company, we should instead build a vibrant human talent and free mind. Once we give power to the people and allow their ideas to flourish there is no reason why we should not have a vibrant economy. In fact, we will have oil in the Ogaden but so far Wayanes want it for itself. Unless we have a democratic or some kind of Federal System where Hararis or Axumites or Ogadens, or Welenees or Welaytas or Amharas or Tigres take pride, sky skrapers will only show our greed.
In other words, we should give people a voice. Yes, America is a number one corrupt nation but at least their people is far better off and the people so far vote and they get counted over all. So, the direction of one party China is what worries me. Especially my way or the high way. It is potentially possible that all the high way and sky scrapers could vanish overnight if we keep people hostage of their undemocratic system. Think about it, power in the hands of few thugs. We need a collective and fair system. Minority rule has no future and the investors are taking huge risk as they may lose everything.
By the way, developing our land is the best we can do. But you oppose Saudis but not Koreans?
Wayane is losing the young under 30 who did not know what Derg was but who are now becoming the Al Jazeera generation that exposes their unlce sam Wayane visa vis Arab Sping and African democracy in Kenya.
There is no reason we can be behind Kenya.
you ignorant woyane, I have a big stick to put it in your ass, d
where do you live man?
Again my I remind everyone that Asseb belong to Afar Muslims.
They have the final say where they want to be depending how they get treated. you can’t take this for granted. They are not your ping balls. I am sure they don’t want to be treated like Muslims in Axum.
The Afars are the title owners of the land including Asseb, period. No amount of squabble between Orthodox Shabia and Woyane will change that fact.
If you had said Assab belongs to Afar people it’s obvious, but your motive drive is the word ‘muslim’ nothing else. get over your backward religion.
Ethiopia is in the right path of development.That is why big world companies like Chuan Hui International, Heineken,Samsung are entering to Ethiopia market.Ethiopia future is bright with EPRDF
“The legislative framework against corruption in Ethiopia is comprehensive and strong.
Recent years have seen some improvements in the perception of corruption in Ethiopia, which could reflect greater anti-corruption efforts, including in the fight against high-level corruption.
Ethiopia enacted an Assets and Property Registration Law in March 2010 as part of its anti-corruption efforts. The law requires that government officials and their relatives register their assets and properties and is aimed at reducing the prevalence of corruption in the country.
The government-established Ethiopian Investment Commission (EIC) provides investment information and a one-stop shop that reportedly has cut the cost of obtaining investment and business licences.
CoST Ethiopia was established in 2012, after three-years as a pilot country with the Construction Sector Transparency Initiative (CoST), which aims at enhancing transparency and accountability in the construction sector focusing specially on public disclosure of information.”
BUSINESS ANTI-CORRUPTION PORTAL,OCTOBER 2012
If the Ethiopian government assures the investors not only layout workable policy but also enforcing it,more multinationals will follow Samsung and others.
Way to GO !!
Long Live Ethiopia
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