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.
Ethiopia’s government concluded a Memorandum of Understanding (MoU) with Arvind Envisol, water management company, in the aim of building Zero Liquid Discharge (ZLD) solutions for the country’s industry parks.
Hibret Manufacturing and Machine Building Industry disclosed in the just ended fiscal year it managed to save the nation 1.5 Billion Birr in foreign currency by producing machines here in Ethiopia.
Infinix Ethiopia has signed a Memorandum of Understanding (MoU) with Addis Ababa Tegbare Id Polytechnic College to strengthen collaboration between industry and academia through student internships, teacher training, and technology-based skill development programs.
The annual inflation rate in Ethiopia fell to 32% in January following a slow down in food price increases according to the Central Statistics Agency.
The inflation rate for the month of January dropped from 35.9% in December following the drop in annual food inflation to 41.4% from 46.7% in December said the report from the agency.
Non food inflation also showed a decrease from 21.8 percent in December to 19.2% in January noted the Agency.
