
Featured | Sep 28,2019
It should have been easy. The manufacturing sector's contribution to GDP is insignificant, although it is a high productivity area that can boost Ethiopia’s foreign currency earnings. But the sector with the highest share to GDP is agriculture, which is a low productivity area and is easily susceptible to nature’s vagaries and the global fluctuations in commodity prices. Thus, the answer should be to pour money into the manufacturing sector, improve infrastructure significantly and market the nation’s low labour costs as a means of attracting foreign direct investments.
Tax incentives, around a dozen industrial parks and a plethora of Turkish, Indian and Chinese investors later, the outcome has been far from impressive. It stood at 6.8pc in the 2018/19 fiscal year, a snail pace Of 4.9pc at the start of the decade. But long-planned projects have gradually come online, and it is yet to be seen if these will end with improved manufacturing output.
PUBLISHED ON
Jan 05,2020 [ VOL
20 , NO
1028]
Featured | Sep 28,2019
Fortune News | Nov 13,2021
Commentaries | Sep 17,2022
Sunday with Eden | Jul 15,2023
Viewpoints | Apr 20,2019
My Opinion | Sep 14,2019
My Opinion | Apr 22,2022
Fortune News | May 27,2023
News Analysis | Jan 05,2020
Agenda | Mar 20,2021
Dec 22 , 2024 . By TIZITA SHEWAFERAW
Charged with transforming colossal state-owned enterprises into modern and competitiv...
Aug 18 , 2024 . By AKSAH ITALO
Although predictable Yonas Zerihun's job in the ride-hailing service is not immune to...
Jul 28 , 2024 . By TIZITA SHEWAFERAW
Unhabitual, perhaps too many, Samuel Gebreyohannes, 38, used to occasionally enjoy a couple of beers at breakfast. However, he recently swit...
Jul 13 , 2024 . By AKSAH ITALO
Investors who rely on tractors, trucks, and field vehicles for commuting, transporting commodities, and f...
Feb 9 , 2025
This week, the African Union's (AU) annual summit in Addis Abeba is set to be more th...
Feb 1 , 2025
Urban renewal is seldom gentle to those on the receiving end of redevelopment. Take s...
Jan 25 , 2025
Grand ambitions have long driven Ethiopia's successive leaders, but they remain weigh...
Jan 18 , 2025
Adanech Abebie, the mayor of Addis Abeba, addressed last week a warm-up session for h...