Photo Gallery | 189995 Views | May 06,2019
Jan 5 , 2020.
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]
Photo Gallery | 189995 Views | May 06,2019
Photo Gallery | 179724 Views | Apr 26,2019
Photo Gallery | 176368 Views | Oct 06,2021
My Opinion | 142072 Views | Aug 14,2021
Jun 20 , 2026
When Parliament takes up the appropriation bill, federal legislators will receive a d...
Jun 13 , 2026
The recent policy decision to fully open freight forwarding to foreign capital may be...
Jun 6 , 2026
For a political veteran as controversial as Getachew Reda, last week's national elect...
May 30 , 2026
Tomorrow, millions of Ethiopians are expected to vote in the seventh national electio...
Loading your updates...