'Made in Ethiopia' Initiative Returns 1,115 Factories to Production: Ministry of Industry

Subscribe

'Made in Ethiopia' Initiative Returns 1,115 Factories to Production: Ministry of Industry

Between 2021 and 2025, the project also created job opportunities for 1,58 million people, according to the ministry.

Key results of the program:

▪ Manufacturing capacity utilization increased from 46% before the initiative to 69%;

▪ The domestic market share rose from 30% to 46%;

▪ Domestic import-substitution production increased significantly from $340 million to $5.96 billion.

The next phase will focus on building new capacity, accelerating exports, strengthening competitiveness, and modernizing service-delivery systems, the ministry said.

Subscribe to @sputnik_africa

Sputnik Africa | X

Newsfeed
0