- Prime Minister Abiy Ahmed announced that Ethiopia is on track to generate **USD 10 billion** in export earnings for the 2025/26 fiscal year, up from **USD 8.3 billion** the previous year.
- Manufacturing growth has accelerated from **4.7%** to **10.7%**, supported by the "Made in Ethiopia" initiative and a focus on import substitution.
- The government reports producing **USD 14.5 billion** in import-substitution goods over the past four years and has identified **96 products** for further substitution.
**Market Impact:** Achieving the USD 10 billion export target would reduce trade deficits, bolster foreign-exchange reserves and strengthen the birr. Continued manufacturing expansion and import substitution may attract investment and create jobs.
**Key Numbers:**
- **USD 10 billion vs. USD 8.3 billion** — projected export earnings compared to the previous fiscal year.
- **4.7% → 10.7%** — jump in manufacturing growth.
- **USD 14.5 billion** — value of import-substitution goods produced over four years.
- **96 products** — identified for further import substitution.
**Business Signal:** The ambitious export and manufacturing targets signal confidence in Ethiopia’s industrial strategy; success could unlock new markets and encourage domestic investment in productive sectors.