Manufacturing Exports Generate $500m Despite Trade Restrictions

Jul 17 , 2022

The export of manufactured goods brought in half a billion dollars of revenues in the financial year ended this month, according to the Ministry of Industry. It is over 100 million dollars more than what manufacturers brought in the year prior. The manufacturing sector has been among the hardest hit by the foreign currency crunch, leading to a shortage of raw materials. The predicament has pushed manufacturing industries' average capacity utilisation rate below 30pc. In recent years, more than two dozen factories have been forced to close their doors. The revenues come despite Washington's decision to debar Ethiopia from the African Growth & Opportunities Act (AGOA) – a preferential trade regime that allows eligible countries to export goods duty and quota-free to the American market. The textile industry was the primary beneficiary of AGOA. Ethiopia generated 240 million dollars two years ago, exporting under AGOA, representing 40pc of the total shipments the country sent to the US. Sandokan Debebe, chief executive officer (CEO) of the Industrial Parks Development Corporation, disclosed last week the federal government submitted a formal request to President Biden’s Administration to reinstate Ethiopia under the AGOA privileges.



They say, "Where there is traffic, there is business." It reflects the colour of Addis Abeba roads and roundabouts. Around Bole, commonly known as the Ring Road, vendors serve tea and snacks underneath a bridge. Owing to these selling methods allow pedestrians and drivers to get the service they need while walking and driving. Despite that, such practice has become a frequent encounter in the heart of the city streets. The most common purpose of a ring road is to reduce traffic volumes in the ur...



Pedestrian walkways around Addis Abeba are growing smaller by the day, competing to gain a foothold in the public spaces. The city, which prides itself as Africa's political and diplomatic capital, becomes a showcase of contrast. Beauty and affluence wrestle destitution and poverty to claim space. Vendors have displayed their second-hand outfits, shoes and luggage for sale on a roundabout in front of the Ministry of Education, up at the Arat Kilo area...



Retired city buses were once converted to bakery outlets retailing bread supplied by ‘Sheger Bakery' during their twilight zone. The city administration had used Anbessa City buses as its retail shops before formal outlets replaced them. Sheger Bakery, touted as the largest bakery and flour factory with the potential of baking two million loaves of bread daily, was to cater for millions of people in Addis Abeba with a subsidized bread supply but failed to live up to expectations. The old city...