Gelido Explores New Manufacturing Plant in Ethiopia

Introduction

South African refrigerator manufacturer Gelido is considering the establishment of a new production facility in Ethiopia. This potential plant aims to produce 300,000 refrigerators annually and is projected to create over 700 jobs once fully operational.

Gelido’s Plans for Expansion

Gelido’s managing director, Robert Hatmil, presented the company’s expansion vision during discussions at the Ethiopian embassy in Pretoria. The proposed facility represents a significant investment in Ethiopia’s manufacturing sector, focusing on both import substitution and export-oriented production.

Job Creation and Economic Impact

The establishment of this plant marks a crucial step toward enhancing employment opportunities in the region. Once operational, it is estimated that the facility will generate over 700 jobs, contributing positively to Ethiopia’s economic landscape.

Investment Opportunities in Ethiopia

At the embassy meeting, Ethiopian officials highlighted the country’s favorable investment environment. They provided insights into various opportunities within the manufacturing sector and underscored the potential benefits of foreign exchange generation through strategic manufacturing ventures.

Support from the Ethiopian Government

The Ethiopian government has been proactive in attracting foreign investments by offering various incentives. These efforts align with the recent liberalization seen in sectors like retail. Ethiopia’s Investment Commission reported that the nation secured $2.3 billion in foreign direct investment during the first half of the fiscal year 2025/26.

Upcoming Investment Forum

The Ethiopian Investment Commission is set to host the Invest in Ethiopia 2026 forum on March 26-27, 2026. This event is anticipated to attract investors from over fifty countries, showcasing priority sectors including manufacturing, energy, and tourism. The forum demonstrates the government’s commitment to engaging with foreign investors.

Success of Past Forums

Previously, the Invest in Ethiopia 2025 forum held on May 12–13 in Addis Ababa, resulted in five major investment agreements worth over $1.6 billion. These agreements spanned various fields such as energy and mining, reflecting continued international interest in Ethiopia’s reform-driven investment climate.

Conclusion

Gelido’s plans to set up a manufacturing plant in Ethiopia underscore the growing interest in the region’s investment landscape. With significant job creation and a supportive government framework, Ethiopia is poised to become a hub for foreign investment, particularly in the manufacturing sector.

For more insights on investment opportunities in Ethiopia, explore resources from the Ethiopian Investment Commission and learn about contributing sectors that promise growth and development.

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