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29.06.2612:00 Economy
BRICS expansion signals growing interest from Global South
25.06.2619:00 Economy
New Development Bank in age of technological revolution: outcomes of Moscow meeting
17.06.2617:00 Ecology
BRICS climate resilience: what can stop expansion of drought-affected lands?
03.07.2612:00 Society
Ghana joins international exchange of information via TV BRICS
30.06.2612:00 Society
Latin American countries establish media cooperation with BRICS via TV BRICS
25.06.2611:30 Society
Argentina’s media outlets show growing interest in BRICS agenda
TV BRICS
Ethiopia
11.05.24 18:31
Economy

Let Ethiopia Produce programme registers greater step forward in enabling SMEs to contribute to country's productive capacity

A breakthrough has been achieved in the development of small and medium industries across Ethiopia

Recent reports from regional heads of administration indicate significant progress in increasing the contribution of small and medium industries to the national productive capacity under a nationwide movement dubbed “Let Ethiopia Produce”.

The initiative, launched by Ethiopian Prime Minister Abiy Ahmed two years ago, aims to enhance sustainable industrial productivity and competitiveness by addressing challenges, encouraging innovation and boosting local production to strengthen the country's economic growth prospects. This is reported by ENA.

The Chief Administrator of South West Ethiopia, Negash Wagesho, noted that the government is focusing on the development of the manufacturing sector in line with the Ten Year Vision Plan. Achievements include revitalising idle factories, promoting import substitution, and improving the quality and quantity of export-oriented products.

In addition, the campaign contributed to the creation of employment opportunities, especially for youth, through the establishment of small and medium-sized enterprises in south-western Ethiopia. Joint efforts in value-added agricultural production have also gained traction, creating a platform for local sourcing of raw materials and industrial growth.

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