Ethiopia to Set-up Over 7,800 Small, Medium Manufacturing Industries - ENA English
Ethiopia to Set-up Over 7,800 Small, Medium Manufacturing Industries
Addis Ababa October 27/2018 The government of Ethiopia has planned to set-up more than 7,800 small and medium scale manufacturing industries in order to sustain the ongoing development. The establishment of new manufacturing industries and strengthening of existing ones is part of the government's efforts towards realizing structural transformation, Small and Medium Manufacturing Industries Development Agency said. The new industries will expect to create jobs for more than 195, 000 people, Genet Aregawi, head of policy planning and project management at the Agency said. In order to make the industries effective, a market link worth of two billion Birr and 194.5 million US dollars will be created locally and overseas, respectively, Genet said. A total of 14.7 billion Birr is needed to establish the new industries and strengthen the existing industries, which are close to 3,000. Metal and wood work, textile and garment, leather and leather products, agro processing, construction inputs and jeweler are some of the industries that are going to be established.
Ethiopian News Agency