Domestic products substituted import goods worth USD 1.1 billion during the first half of the 2022/2023 fiscal year. Manufacturing companies were also able to generate USD 194 million from export trade.
The Ministry of Industry announced that 663 manufacturing industries became operational in the past 5 months creating employment opportunities for 9,600 individuals. The Ministry also stated that domestic products substituted import goods worth USD 708 million during the same period.
According to Melaku Alebel, Minister of Ministry of Industry, the manufacturing sector is being revived while investors are entering new investment areas. The country was able to export goods worth USD 161 million since the start of the current fiscal year.
Source: Ethiopian Press Agency
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