2merkato

The Ethiopian Sugar Industry Group announced its commitment to completely replacing the country's sugar demand with domestic production within the next five years by scaling up sugar production from the current 3.6 million quintals to 13 million.

AGY, a company that produces table salt, has announced its plans to start manufacturing table salt at Semera Industrial Park. Once AGY reaches full capacity, it is expected that it will create more than 350 job opportunities for citizens.

Ten local companies with a capital of over Birr 8.2 billion Birr have signed agreements with the Industrial Parks Development Corporation (IPDC) to operate in the industrial parks. The agreement aims to increase private sector engagement in IPDC and encourage local companies. Five of the ten companies will be engaged in manufacturing pharmaceuticals.

Ethio-Engineering Group (EEG) and China Railway Rolling S.C. recently held discussions regarding the potential for producing electric buses in Ethiopia. The two parties reached a mutual understanding to establish an electric bus factory in the country.

Ethiopia saved USD 60 million by locally producing security personnel outfit. In the process of substituting imported security personnel uniforms with locally produced outfits 18 factories were involved and 18,000 job opportunities were created.

Domestic products substituted import goods worth USD 1.1 billion during the first half of the 2022/2023 fiscal year. The data of the Ministry of Industry shows that 663 manufacturing industries became operational in the first five months of the current fiscal year creating employment opportunities for 9,600 individuals.

Source: Fana BC and 2Merkato Archives