Over the past four or five years, Ethiopia has made significant progresses in improving the efficiency of government projects; and registered remarkable success across various sectors.
These days, the country, driven by strong political commitment, strategic planning, technological progress and advanced project efficiency, is spotting positive outcomes.
Among others, the initiatives launched to develop various tourist destinations under the Dine for Sheger, Dine for Nation, and Dine for Generation projects, and the Addis Ababa Corridor Development project as well, are some of the most notable projects that the country has itemized astonishing performances.
The newly inaugurated tourist destinations such as the “Elephant Paw Lodge, the “Wonchi” and “Gorgora” eco resorts, the “Adwa Victory Memorial Museum”, just to mention, have a lot to say about Ethiopia’s improved project efficiency.
The Abbay Hydroelectricity Dam which was once delayed for various reasons; but now nearing completion, is also another success story that displays the government’s enhanced competence to carry out large-scale with increased efficiency.
In turn, these and other development projects are generating considerable amount of foreign currencies and supporting the country’s economy.
In fact, the government’s commitment and political will to enhance operational efficiency is not only observed in government projects, but it is also being replicated by the private sector.
Nowadays, the private sector which is the potent engine in driving long-term economic growth and development is demonstrating a higher level of efficiency and it is contributing substantially to the country’s economy.
In his recent visit to two large-scale manufacturing industries, Prime Minister Abiy Ahmed (PhD) also revealed the contribution of the private sector in the country’s overall development.
As the Premier stated on his social media page subsequent to his visit to “AMG Holdings Industry Park”, and “Andinet Glass Technology”, that are specialized in value-added coffee exports and in glass and aluminum works respectively, the success stories of the government achieved in the implementation of projects are also replicated by the private sector.
“The feats witnessed in government’s mega projects are also being repeated by the private sector in terms of accomplishing activities with increased efficiency and quality, strengthening country’s economy.”
According to him, local private sector productivity plays a crucial role in achieving country’s industrialization goals and strengthening the Ethiopia’s economy. In this respect, the two industries are exemplary in their contribution to industrial expansion.
In actual fact, the synergy between the government and the private sector has wide-ranging benefits. Aside from lessening the financial burden of the government and creating massive job opportunities, it helps to transfer expertise, technology, innovation, and efficiency, leading toward a more diversified and robust economy; and shaping the future of the country.
Ethiopia, as a nation that aspires to realize its development goals and become a major player on the African and global economic stage, the role of the private sector in accelerating its pace and driving change is beyond words.
In this regard, creating a more favorable business environment and working in tandem with the private sector, is a key strategy that holds immense opportunities, mainly to expedite long-term development goals.
Thus, the government, by creating more conducive environment and further strengthening collaboration and partnership with the private sector, will work determinedly to attain broader economic growth and development objectives.
THE ETHIOPIAN HERALD WEDNESDAY 20 NOVEMBER 2024
