- 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.