2merkato

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

Dubai Investments Park (DIP) disclosed that it was planning to construct an industry park in Ethiopia in collaboration with the Industrial Parks Development Corporation of Ethiopia.

Lemi National Cement Factory is expected to start operation in January 2024. This was revealed during a Government Delegation visit to the factory’s construction site which was led by the Ministry of Urban Development and Infrastructure. Machine installation will commence in June this year after the construction of the factory is finalized.

Ethio Engineering Group (EEG) signed an agreement with Yotong, a Chinese company, to manufacture city buses under Bishoftu Automotive Manufacturing Industry.

Bole Lemi Industrial Park saved Birr 2 billion by producing goods which substituted import products. Among the park’s manufacturing companies, Soufflet Malt and BGI, a Chinese company, take the lion’s share in the production of import substituting products. Soufflet’s malt production has fully substituted import malt while BGI’s Covid-19 testing kits have saved the country from spending foreign currency on foreign made testing products.