Ethiopia is now recognized as a competitive player in the global market, attracting more foreign investment and boosting economic growth . The future looks promising for products that are “made in Ethiopia, ” with significant potential for further expansion and progress. Recently Prime Minister Abiy Ahmed (PhD) inaugurated the expo which has been held since the end of last week in various events. Some 124 manufacturing industries presented their products and services.
“Ethiopia can make a name for itself. We have enough land; enough water, adequate young people to maximize production and productivity; high energy potential that can support production; a comparatively small supply of finance; a sustainable manufacturing sector. We have a goal: jobs started in the mining sector can be a high-level goal for the industry; jobs started in the agricultural sector can be a goal for the industry at the highest level; we have a strong desire to grow. ”
At the event of Let Ethiopia Produce (Ethiopia Tamirt) Expo 2023, Prosperity Party’s Vice President Adem Farah said the principles of the country’s prosperity that is aiming at encouraging export, ensuring competitiveness, keeping quality, creating jobs, and realizing import substitution have become realized.
Such expos would bring significant results in creating market linkage, conducive business environment, and attracting new investors from all corners of the manufacturing industry. Ethiopia strives to attract the involvement of anchor companies in its manufacturing industry to realize holistic development and exploit the untapped potential.
“The country has attempted to create a favourable environment for manufacturing investment and helped industries that halted operations to go back to business. Though Ethiopia has made commendable measures in easing manufacturing challenges, a lot remains to ensure the public’s benefit,” added Adem.
Addis Ababa’s Deputy Mayor Jantirar Abay said that the city has been carrying out various activities to address manufacturing constraints though a lot remains. The city administration has provided shades, amenities, inputs, and market linkage to a large number of investors in the manufacturing industry.
The return in the manufacturing sector takes time, and the sector demands special intervention to generate adequate benefits. Some 30,000 individuals have been employed in the garment industry, which is unique. Therefore, the Let Ethiopia Produce campaign is a benchmark to solve the manufacturing sector’s problem and ensure quality products, the deputy mayor remarked.
THE ETHIOPIAN HERALD SATURDAY 13 MAY 2023
