Ethiopia Aims to Accelerate Industrial Growth: 17 New Agro-Processing Parks Announced
Ethiopia Aims to Accelerate Industrial Growth: 17 New Agro-Processing Parks Announced
Strategic sites for new integrated agro-processing industrial parks across the country have been selected, the Ethiopian Ministry of Industry announced.
The new sites have been based on the experiences of the fully completed integrated agro-processing parks in Bure, Bulbula, and Yirgalem.
The government, giving special attention to the manufacturing industry, has spent over 36 billion birr ($232 million) to complete infrastructures, the ministry announced at the investment forum held in Addis Ababa.
The main objectives of constructing the parks:
🟠Increasing foreign exchange earnings by adding value,
🟠Creating employment opportunities,
🟠Expanding the domestic market,
🟠Boosting government revenue.
Ethiopia will reportedly focus on making domestic products competitive in the international market by utilizing the African Continental Free Trade Area agreement that it is implementing.
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