Ethiopia's Manufacturing Sector Thrives Amidst Double-Digit Economic Growth: Ministry
Ethiopia's Manufacturing Sector Thrives Amidst Double-Digit Economic Growth: Ministry
Major projects are being designed to achieve Ethiopia's economic goals, Prime Minister Abiy Ahmed said.
He explained that the Homegrown Macroeconomic Reform Agenda has established systems to leverage the country's resources for diversified economic development, projecting double-digit economic growth for the current fiscal year.
The industrial sector's growth rate has risen above double digits, substantially increasing its contribution to domestic product growth, State Minister of Industry Tarekegn Bululta told state media.
He attributed the manufacturing industry's improved performance in import substitution and investment attraction, along with its rapid structural transformation, to the government's focused direction.
Ethiopia's Ministry of Industry has also prioritized manufacturers, assisting them in overcoming previous challenges and enhancing their competitiveness, according to state media.
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