The Ministry of Industry has announced a plan to earn USD 450 million from the export of manufacturing goods in the 2025/26 Ethiopian fiscal year, while simultaneously saving USD 5.689 billion in foreign exchange by substituting imports with locally produced proxy products.
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The Ministry of Labor and Skills (MoLS) has announced plans to establish incubation and acceleration centers in 100 Technical and Vocational Education and Training (TVET) colleges next year, aiming to cultivate a vibrant startup ecosystem nationwide.
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The Yirgalem Integrated Agro Industrial Park has generated more than USD 2.2 million in revenue over the past 11 months from exporting crude avocado oil to international markets, according to the Sidama Regional Industrial Parks Development Corporation.
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The Industrial Parks Development Corporation (IPDC) has announced an increase in the participation of local investors in Ethiopia’s Special Economic Zones (SEZs), with their share now exceeding 60%. The overall occupancy rate of sheds and developed land in all 13 SEZs has reached 89%.
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The occupancy rate across Ethiopia’s Special Economic Zones (SEZs) has climbed to 89%, according to the Industrial Parks Development Corporation (IPDC). Zemen Junedi, Deputy CEO of IPDC’s Promotion and Marketing Division, noted that nearly all 13 SEZs are now operational, attracting both local and international investors.
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The Huajian Group has unveiled plans to establish electric vehicle (EV) assembly and manufacturing operations in Ethiopia.
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