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Manufacturing Exports Near Annual Target After Seven-Month Run


Manufacturing Exports Near Annual Target After Seven-Month Run

The seven-month implementation report for the current fiscal year revealed that manufacturing exports generated 244.8 million dollars, reaching 93pc of the 264.4 million dollars target, according to Zerihun Abebe, Foreign Trade Executive at the Ministry of Industry. Strong performance was recorded in the manufacturing and chemical sectors, while leather, textile, food, and beverage sectors posted moderate results. Overall, exports rose 37pc compared with the same period last year. The government seeks to achieve 450 million dollars in foreign trade by the end of the fiscal year, Sileshi Lema, Deputy Director of the Manufacturing Industry Development Institute, noted. The report was presented in a session attended by senior government officials and manufacturing investors.

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Radar

Federal Prosecutors Accuse Public Officials, Contractors of Corruption, Alleged Illicit Fund Transfers

Federal prosecutors have filed corruption and money laundering charges against 11 defendants, including Nigstu Bogale, Coordinator of the Development Project for Response to the Impact of Refugees in the Horn of Africa at the Ministry of Agriculture, Biniyam Fantaye and Taye Habte, senior irrigation engineers involved in the Development Response to Displacement Impacts Project (DRDIP-II), as well as private individuals and construction company representatives. The case alleges losses and illicit...


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EIH Transitions to New Headquarters as It Oversees Major State-Owned Enterprises

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Radar

Import Substitution Push Lifts Domestic Manufacturing, Industrial Recovery

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