#ethiopianIPemployment – Intrinsic Consultancy

December 24, 2019

Ethiopia’s Industrial Parks are Making Jobs a Reality

Ethiopia is one of the fastest growing countries in the world. Its current population of over 100 million is expected to double in the next 30 years, hitting 210 million by 2060. Due to this accelerated surge in population growth, the country is facing a critical challenge of creating enough jobs.

The Ethiopian government identified industrialization as the means to transform the economy, reduce poverty, provide jobs, and achieve the ambitious aim of transitioning the economy to lower-middle-income status by 2025. But growth in the manufacturing sector lags.

October 23, 2019

Ethiopian Industrial Parks Development Corporation is working to ease challenges facing industrial parks

Parks and concerning stakeholders said easing hurdles facing the parks is important to make the industrial parks productive and competent abroad.

Economic growth in Ethiopia is progressing at an impressive rate, where industrial parks are satisfying the interest of international investors in the country’s economy. Attracting FDI is at the core of Ethiopia’s industrialization strategy, which is supported at the highest level and in particular by the Prime Minister.

October 10, 2019

Ethiopia Secures Over $ 140 Million USD Export Revenue from Industrial Parks

Ethiopia earned 140.6 million US dollars in export revenue from industrial parks in the concluded Ethiopian fiscal year, ended July 7, 2019, according to Ethiopian Investment Commission.

Ethiopian Investment Commission Public Relations Director, Mekonnen Hailu said that the performance of the export from the industrial parks exceeded that of same period last fiscal year by 57 percent.