Ethiopian Manufacturing Sector Performs Below Projections
The Ethiopian manufacturing sector failed to meet the projected earnings with the various sub sectors bringing in between 63% and 49.4% of anticipated earnings.
The textile and garment sub sector earned 84.6 million US dollars which falls short of the 171.4 million US dollars projected for the past fiscal year. The earnings from the sector where however 36% more than what was earned by the sector in the previous year according to information obtained from the Ministry of Industry.
Ayka Addis Textile and Investment Group is responsible for 71% of the earnings from the textile sector.
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