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AfricaNews360 > Business > Ethiopia highlights private sector’s role in industrial expansion
Business

Ethiopia highlights private sector’s role in industrial expansion

Local Industries drive National Economic Transformation, PM tells nation

Posted Malik muhammed November 18, 2024 2 Min Read
Updated 2024/11/18 at 4:23 PM
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Ethiopian Minister Abiy Ahmed has underscored the critical importance of private sector productivity in Ethiopia’s national industrialization strategy, pointing to two significant industrial enterprises as emblematic of the country’s economic transformation.

It comes after visiting large-scale industries that are driving the Made in Ethiopia movement.

Speaking after visiting key industrial sites, the Prime Minister highlighted AMG Holdings Industry Park and Andinet Glass Technology as prime examples of the nation’s industrial ambition.

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“Local private sector productivity plays a crucial role in achieving our national industrialization goals and strengthening our economy,” he said.

“Today, I visited large-scale industries that are driving the Made in Ethiopia movement. AMG Holdings Industry Park, which specializes in value-added coffee exports and steel production, and Andinet Glass Technology, known for its glass and aluminum works, are commendable examples of the private sector’s contribution to industrial expansion.”

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https://x.com/AbiyAhmedAli/status/1858440810653491373?s=19

AMG Holdings, which specializes in value-added coffee exports and steel production, and Andinet Glass Technology, known for its glass and aluminium works, represent the emerging backbone of Ethiopia’s “Made in Ethiopia” industrial movement.

The Prime Minister’s remarks emphasise the government’s commitment to fostering domestic industrial capacity and reducing reliance on imports through strategic private sector development.

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These industrial parks signal a broader national strategy to diversify the economy and enhance manufacturing capabilities, positioning Ethiopia as an increasingly competitive player in regional industrial production.

The government continues to support private sector growth as a fundamental driver of economic expansion and job creation.

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TAGGED: Abiy Ahmed, African economy, coffee exports, Economic growth, Economic Transformation, Ethiopia, Industrial Development, Industrial Parks, Industrial Policy, Made in Ethiopia, manufacturing, Private Sector, Steel Production
Malik muhammed November 18, 2024
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