The Ethiopian government has been focusing on five priority sectors to increase the country’s economy, namely mining, ICT, agriculture, tourism, and manufacturing. ETHIOPIA TAMRIT was launched to enhance the manufacturing industry and achieve success like the agricultural sector initiatives. The movement will reduce imports by meeting local demands, improve working culture, enhance the economy’s structural transformation, boost private sector engagement, and upgrade product quality, type, & competitiveness. In addition, it aims to improve the collaboration between regional governments and manufacturers.
The government aims to collaborate with the private sector to increase exports. During the launch program, 81 industrialists received awards for contributing to the country’s economy through foreign exchange, creating jobs, substituting imports, and paying taxes. The government plans to increase the current manufacturing industry sector output. By 2030, it aims to increase annual growth from 6.8% to 17.2%, the production capacity from 50% to 85%, and foreign trade revenue from $400 million to $9billion.
