Minister of Industry Ato Melaku Alebel reported a 10.1% growth in the sector over the past ten months. In this regard, 129 major industries have commenced operations in the past ten months, fueled by new investments attracted by the movement. Furthermore, the country replaced USD 2.2 billion worth of imports with domestically produced goods over the past ten months. Looking towards the future, the Ministry of Industry outlined ambitious plans to build upon this year’s achievement. The target for the 2024/25 fiscal year is to achieve an even higher growth rate of 12.8% within the industrial sector.

Source: Ethiopian News June 14, 2024 04:42 UTC