ADDIS ABABA, Aug. 8 (Xinhua) — Ethiopia managed to earn 436.73 million U.S. dollars from the manufacturing sector exports in the Ethiopian Fiscal Year (EFY) 2016/17 that ended on July 8.
The export revenue met only 47.8 percent target of the 913.66 million U.S. dollars the East African nation had planned to earn during the EFY.
Assefa Tesfaye Corporate Communications Director at Ethiopia Ministry of Industry (MoI) told Xinhua on Tuesday that lack of management and technological capacity of some industries, insufficient supply of manufacturing inputs, quality problems with manufacturing inputs and delay in commissioning of several industries contributed to the disappointing result.
MoI in particular mentioned a commissioning lag in some manufacturing plants operating in Ethiopia’s highly advertized Hawassa Industrial Park for the disappointing export revenue.
Built by China Civil Engineering Corporation (CCECC), the Hawassa Industrial Park 275 kms south of capital Addis Ababa was inaugurated back in July 2016.
Eighteen companies have already started operations inside the industrial park and six of them are presently exporting their products to the global market.
Once operational at its full potential, the park is expected to generate 1 billion dollars for the Ethiopia annually mainly from textile and garment sector.
It is the textile and garment sector that showed its most disappointing result earning the East African country 89.3 million dollars in export revenue out of a planned 271 million dollars. Enditem
Ethiopia’s manufacturing sector export revenue disappoints
Latest from Blog
IMF Leader to Travel to Ethiopia Amidst Economic Turmoil
The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, is scheduled to visit Ethiopia on February 8 and 9 as the nation progresses with its comprehensive economic reforms. Ethiopia, home
A plea to Eskinder Nega
By Allelign Sisay I recall one of your interviews about the Judgment of Solomon (1 Kings 3:16-28). In it, you urged Ethiopians to act in the spirit of the wise king and
Unpacking BABY KING Abiy Ahmed’s Claims on Jimma Homes: Insight or Illusion?
In this article, we endeavor to unravel the narrative spun by Ethiopian Prime Minister, Abiy Ahmed, around the destruction of an estimated 15,000 homes in Jimma. His startling assertion that the affected
Why Have Jawar’s and Lidetu’s Non-Violent Movements Failed to Get Traction?
Yonas Biru, PhD Lidetu has been in Ethiopian politics for over three decades. Jawar’s political ንክኪ is a tad shorter. In total, he has a quarter of a century worth political stripes
Abiy’s Idiocy: How One Man’s Stupidity Crippled a Country
(THE HABESHA) – This article offers a comprehensive analysis on the leadership style and decisions of Abiy Ahmed, the current Prime Minister of Ethiopia. Renowned on the global stage, Abiy Ahmed has
Breaking the Chains of Tribalism
Dula Abdu Mohamud A. Ahmed (Prof.) as an individual or an organization promoting Sustainable programs through the OWS Development Fund, located in the Somali region of Ethiopia suggests that ethnic federalism
Minority Faction Negotiations Ignite Widespread Outrage Among Amharas
(The Habesha) –Controversial negotiations have been triggered between minority factions of the Amhara Fano forces and representatives from the EU, AU, USA and IGAD, sparking fierce unrest among the Ethnic Amhara community
Ethiopia Urges King Charles to Return Looted Sacred Artifacts from 150 Years Ago
By OLIVIA ALLHUSEN / Daily Mail Ethiopia has formally requested that King Charles and the British Army return artefacts deemed ‘sacred’ that were taken during a conflict 150 years ago. These significant items
The Leaders of Fano Groups at the Heart of Amhara Operations
(The Habesha) – In the vast political landscape of the Amhara Region, the role and influence of Fano groups continue to generate interest and discussion. Who leads these compelling collective forces? What
The Development Strategies of Singapore vs. Ethiopia: A Comparative Analysis of Education and Beautification
Dr. MeKonnen Birru (birrum@uhd.edu) Over the past few decades, Singapore and Ethiopia have pursued distinct paths to development. While Singapore’s transformation into a global economic powerhouse is often attributed to its focus
FANO Leader Zemene Kasie Denies Engagement in Government Negotiations
(THE HABESHA) – In the ever-shifting landscape of power struggle and negotiations, FANO Zemene Kasie stands as a steadfast bulwark, maintaining their stance of not yet engaging in dialogue with any government
Why Both Ethiopia-Centered and Tribe-Based Change Agendas Continue to Fail
Yonas Biru, PhD (unedited draft for discussion) A caveat is in order at the outset. The article focuses on Oromo, Amhara and Tigray extremist forces and their conflict-brewing sidekicks in the diaspora.
Statement on current developments by the Amhara Fano People’s Organaization (AFPO)
The Amhara Fano People’s Organization (AFPO) proudly represents the armed resistance of the Amhara people a movement born out of necessity in the face of systemic Genocide, state-sponsored violence, and deliberate political
Eskinder Nega: A Portrait of Two Faces – Freedom Fighter and Divider
Dr. MeKonnen Birru (birrum@uhd.edu) Eskinder Nega, a name synonymous with the struggle for democracy and freedom in Ethiopia, is a man of undeniable courage, but also one of stark contradictions. Known for
The Legacy of Professor Getachew Haile: A Tribute to an Extraordinary Scholar
(The Habesha) – In the world of academia, few individuals made as indelible a marked as Professor Getachew Haile. The famed scholar, celebrated for his profound researched and deep expertise, was a