The government of Ethiopia has secured $103 million export earnings from products manufactured in industrial parks over the first nine months of its fiscal year started July 8, 2018. The report also stated that the active industrial parks of Ethiopia have so far created jobs for over 70,000 people of which around 16,000 were created over the past nine months. Ethiopia’s industrial parks include, Hawassa, Bole Lemi, Kilinto, Mekelle, Dire Dawa, Kombolcha, Debre Birhan, Addis Industrial Village and Jimma, among others. With aim of creating jobs and transforming its agrarian economy into manufacturing, the country is also building additional industrial parks in different parts of the country. The country targets to increase the number of industrial parks to 30 to become Africa’smanufacturing hub and lower-middle-income economy by 2025.

Source: Ethiopian News May 02, 2019 06:22 UTC