The industrial sector in Ethiopia is growing by an average of 10.8% in the last few years said the Ministry of Industry.
The sector has grown by 15% in just the last year accounting for 13.4% of the GDP noted Tadesse Haile, Minister of State for Industry.
The manufacturing industry is enhancing its competitive edge on the international market increasing foreign trade he said.
The number of medium industry operations has grown to more than 2000 from only 796 twenty years before according to Tadesse. The amount of revenue earned has also risen to 42 billion birr from only 8.4 billion birr over the same period he explained.It is expected that the industrial sector will grow by 20% and that all stakeholders should their responsibilities to facilitate the ultimate goal of enabling the industrial sector to take the lead in the national economy added the Minister.
It is to be remembered that Ethiopia earned 193.5 million US dollars from the export of manufactured products in the last nine months according to the Ministry of Industry.
The revenue earned exceeded the sum earned in the same period last year by 55.9 million US dollars or 40.7%.
The revenue was earned from the export of leather and leather products, agro-processing, chemicals, pharmaceuticals, textile and garment.
Source: Ethiopian News Agency
