A Florishing Manufacturing Industry will help more Ethiopians

Addressing the challenges to a flourishing manufacturing industry will expand benefits to more Ethiopians, and support the government’s plans to become a manufacturing powerhouse, according to the new Ethiopia Economic Update, Overcoming Constraints in Ethiopia’s Manufacturing Sector.

In addition to providing a short and a long-term view of the country’s economic growth, the report examines the challenges for building a strong, diversified manufacturing industry that will accelerate a structural transformation of the economy and provide benefits to many more Ethiopians.

“Ethiopia’s goal is to transform the country to an industrialized economy and increase the per capita income of its citizens to middle-income levels by 2025,” said Lars Christian Moller, lead economist and program leader. “Although great progress has been achieved the country must make changes to its burdensome tax, trade, and financing rules and improve basic services such as electricity to support local business and attract new investment.”

The update’s focus on addressing barriers to expanding the manufacturing sector and creating jobs comes amid challenges to diversifying the economy. Several constraints such as limited access to credit and land, and unreliable electricity make it difficult for entrepreneurs in Ethiopia to start new companies. The country’s complicated tax requirements and burdensome customs and trade-related regulations drive up costs for small and large companies alike and discourage foreign investors, according to the report.

“For Ethiopia, a country graduating through the early stages of economic development, industrial sector expansion is essential for sustained long-term growth and poverty reduction,” said Michael Geiger, World Bank senior country economist. “Improving education and training for men and women combined with job creation by expanding light industry can positively impact equity and spread benefits to many more Ethiopians, especially the poor.”

To support the Ethiopian Government in developing the manufacturing sector, preparing its men and women for manufacturing jobs and developing a business climate welcoming to new investors, the report includes seven policy recommendations for both small and medium size businesses and large investors:

  • Focus on skills development for men and women, which is vital for increasing firm productivity. A more literate and trainable labor force would not only increase productivity in Ethiopia, but also make the country more attractive to international firms seeking to invest in Africa
  • Implement measures to improve access to finance for firms especially “the missing middle,” or small and medium sized enterprises. The majority of these companies are fully credit constrained.
  • Address constraints related to access to land and to electricity. By upgrading the grid network and reinforcing existing (and adding new) transmission and distribution lines will provide access to industrial areas as well as promote electricity exports.
  • Improve tax administration and advance the simplification of the tax system for micro, small and medium size enterprises. Managers in manufacturing firms spend a significant amount of time dealing with tax administration and a quarter of firms report tax administration as a major problem faced in their day-to-day operations.
  • Improve trade logistics, customs procedures and trade regulations, which primarily impacts large exporting firms and Foreign Direct Investment.
  • Simplify business related regulations and processes to facilitate the smooth entry and exit of firms that will support a dynamic and thriving business sector.
  • Use a strategic and phased approach for industrial park development that is in line with international experience. The government is supporting industrial parks for light manufacturers such as textiles and agro-processing and is emulating the path of the East Asian countries that have successfully managed to use industrial parks as a platform to catalyze investments.

4,300 thoughts on “A Florishing Manufacturing Industry will help more Ethiopians

  1. We are a bunch of volunteers and starting a brand new scheme in our community.

    Your web site provided us with useful info to work on. You have performed a formidable
    activity and our whole neighborhood might be grateful
    to you.

  2. I don’t know if it’s just me or if perhaps everyone else encountering problems with your
    website. It appears as though some of the text within your posts are running off the
    screen. Can somebody else please comment and let me know if
    this is happening to them as well? This could be a issue with my internet browser because I’ve had this happen previously.
    Thank you

  3. I think this is among the most significant information for me.
    And i’m glad reading your article. But wanna remark on some general things,
    The website style is wonderful, the articles is really great :
    D. Good job, cheers

  4. Good day! This is kind of off topic but I need some help from an established blog.
    Is it very difficult to set up your own blog? I’m not very
    techincal but I can figure things out pretty fast. I’m thinking about making my
    own but I’m not sure where to start. Do you have any tips or suggestions?
    With thanks

  5. Have you ever thought about publishing an ebook or
    guest authoring on other sites? I have a
    blog based upon on the same topics you discuss and would really
    like to have you share some stories/information. I know my visitors would appreciate your work.

    If you’re even remotely interested, feel free to send me an email.

  6. Use artificial intelligence to cut turnaround time, extend your budget, and create more high-quality content that Google and readers will love. How It Works? WordAi is extremely fast and intuitive. Just enter your content, click rewrite, and in a matter of seconds, WordAi will rewrite an entire piece of content for you. WordAi comes up with different ways to express the same ideas by rewriting every sentence from scratch. This not only removes duplicate content, it also makes the rewritten content read completely naturally. Scale Your Business Make your entire content production process 10x more efficient. Use AI to create more high-quality, unique content that impresses clients and engages readers, all without having to put in more hours Register here and get a bonus.

  7. I was excited to discover this website. I want to to thank you for your time for this wonderful read!! I definitely liked every part of it and i also have you book-marked to look at new things on your website.

  8. Write more, thats all I have to say. Literally, it seems as though you relied on the video to make your point. You obviously know what youre talking about, why throw away your intelligence on just posting videos to your site when you could be giving us something informative to read?

  9. You could certainly see your skills within the work you write. The arena hopes for more passionate writers like you who aren’t afraid to say how they believe. Always follow your heart. “We may pass violets looking for roses. We may pass contentment looking for victory.” by Bern Williams.

  10. I don’t even understand how I finished up right here, however I believed this submit was once great. I don’t know who you might be however certainly you are going to a well-known blogger if you are not already 😉 Cheers!

  11. Hi there, simply was aware of your weblog through Google, and located that it’s really informative. I am going to be careful for brussels. I will appreciate for those who continue this in future. Numerous people will probably be benefited out of your writing. Cheers!

  12. I got what you intend, thankyou for posting.Woh I am glad to find this website through google. “The test and use of a man’s education is that he finds pleasure in the exercise of his mind.” by Carl Barzun.

  13. My developer is trying to convince me to move to .net from PHP. I have always disliked the idea because of the expenses. But he’s tryiong none the less. I’ve been using Movable-type on a number of websites for about a year and am nervous about switching to another platform. I have heard excellent things about blogengine.net. Is there a way I can transfer all my wordpress posts into it? Any kind of help would be really appreciated!

  14. I’m extremely impressed together with your writing abilities and also with the layout on your weblog. Is that this a paid subject or did you customize it your self? Either way stay up the excellent quality writing, it’s uncommon to look a great weblog like this one today..

  15. Hello, Neat post. There’s a problem with your website in web explorer, could check this… IE nonetheless is the market chief and a large portion of other folks will pass over your wonderful writing due to this problem.

  16. This is the right blog for anyone who wants to find out about this topic. You realize so much its almost hard to argue with you (not that I actually would want…HaHa). You definitely put a new spin on a topic thats been written about for years. Great stuff, just great!

  17. Once I originally commented I clicked the -Notify me when new comments are added- checkbox and now each time a remark is added I get four emails with the same comment. Is there any means you can remove me from that service? Thanks!

  18. I’m extremely inspired together with your writing skills as well as with the structure in your blog. Is this a paid theme or did you modify it yourself? Either way keep up the excellent quality writing, it’s rare to look a nice blog like this one these days..

  19. Nice post i like it 100 %. I learn something new and challenging on sites I stumbleupon on a daily basis. Its always helpful to read through articles from other writers and use something from their web sites.

  20. Hiya very nice blog!! Man .. Beautiful .. Wonderful .. I will bookmark your web site and take the feeds also?KI am glad to search out numerous useful info right here within the submit, we want work out more techniques on this regard, thank you for sharing. . . . . .

  21. Hiya, I am really glad I have found this information. Today bloggers publish only about gossips and internet and this is actually annoying. A good web site with exciting content, this is what I need. Thanks for keeping this site, I will be visiting it. Do you do newsletters? Can’t find it.

  22. I know this if off topic but I’m looking into starting my own weblog and was curious what all is needed to get setup? I’m assuming having a blog like yours would cost a pretty penny? I’m not very internet savvy so I’m not 100 sure. Any recommendations or advice would be greatly appreciated. Kudos

  23. Youre so cool! I dont suppose Ive read anything like this before. So nice to find any person with some original ideas on this subject. realy thank you for starting this up. this website is one thing that is wanted on the web, somebody with just a little originality. useful job for bringing something new to the internet!

  24. What i don’t realize is in fact how you’re not really much more smartly-appreciated than you may be right now. You are very intelligent. You understand therefore significantly in terms of this topic, produced me for my part consider it from a lot of varied angles. Its like women and men are not fascinated except it is one thing to accomplish with Lady gaga! Your personal stuffs great. Always care for it up!

  25. I am often to blogging and i really appreciate your content. The article has really peaks my interest. I am going to bookmark your site and keep checking for new information.

  26. Hey just wanted to give you a quick heads up. The text in your content seem to be running off the screen in Ie. I’m not sure if this is a format issue or something to do with internet browser compatibility but I figured I’d post to let you know. The design look great though! Hope you get the problem fixed soon. Kudos

  27. I know this if off topic but I’m looking into starting my own blog and was curious what all is needed to get set up? I’m assuming having a blog like yours would cost a pretty penny? I’m not very internet savvy so I’m not 100 sure. Any recommendations or advice would be greatly appreciated. Many thanks

  28. Can I simply say what a reduction to seek out somebody who actually is aware of what theyre talking about on the internet. You undoubtedly know easy methods to carry a difficulty to light and make it important. More individuals have to learn this and perceive this side of the story. I cant consider youre no more well-liked since you definitely have the gift.

  29. Very efficiently written story. It will be valuable to anybody who utilizes it, including myself. Keep doing what you are doing – can’r wait to read more posts.

  30. I like what you guys are up too. Such smart work and reporting! Carry on the excellent works guys I have incorporated you guys to my blogroll. I think it will improve the value of my site 🙂

  31. Hello, Neat post. There is an issue along with your website in internet explorer, may test thisK IE still is the market leader and a big element of other people will omit your wonderful writing because of this problem.

  32. Hey, I think your site might be having browser compatibility issues. When I look at your blog site in Safari, it looks fine but when opening in Internet Explorer, it has some overlapping. I just wanted to give you a quick heads up! Other then that, terrific blog!

  33. Thanks for sharing superb informations. Your website is very cool. I’m impressed by the details that you¦ve on this web site. It reveals how nicely you understand this subject. Bookmarked this website page, will come back for extra articles. You, my friend, ROCK! I found just the information I already searched all over the place and simply could not come across. What an ideal web-site.

  34. [url=https://startup-desk.ru/]организации микрофинансирования[/url]
    [url=https://avtolombard32.ru/]деньги под залог недвижимости в области[/url]
    [url=https://vikup-moscow.ru/]займ под залог птс договор[/url]

  35. I think other web site proprietors should take this web site as an model, very clean and excellent user friendly style and design, as well as the content. You are an expert in this topic!

  36. [url=https://coollombard.ru/]сколько золота в ломбарде[/url]
    [url=https://xn--80aaajbdbddwj2alwjieei2afr3v.xn--p1ai/]займ с плохой[/url]
    [url=https://lombard-voronezh.ru/]клиент автоломбард[/url]

    2369366467236

  37. Hello! I could have sworn I’ve been to this blog before but after browsing through some of the post I realized it’s new to me. Anyways, I’m definitely happy I found it and I’ll be book-marking and checking back frequently!

  38. If you’re short on time and you must get your home fresh and clean right away, The Maids may have the answer. With more than 180 franchises serving over 90 major U.S. and Canadian cities, The Maids is cleaning for health in over 40 U.S. states and three Canadian provinces. Many of our locations are uniquely equipped to provide last-minute cleaning service with professionally-trained teams, proven gameplans, and advanced cleaning equipment. Just enter your zip code to find a location near your neighborhood. The Maids’ professional backpack vacuum with HEPA filtration can capture up to 99% of dust, allergens, bacteria, pet dander, pollen and other pollutants. The Maids also disinfects commonly touched areas to minimize the spread of germs and viruses, and damp wipes after dusting to remove dust from your home. Choose The Maids and your home will be sparkling clean when you need it to be. https://cheercitytt.com/community/profile/sharylxdm600375/ Post a job, review profiles, then message candidates who fit your needs We have been locally loved for our skilled, friendly employees for over 40 years! Just ask any one of our veteran staff members and clients alike. Let’s begin a conversation! Liability Insured Cleaners Office, Landlord, Builder Cleans The legal parameters around domestic services like house cleaning and babysitting aren’t always clear, especially when the service is just one individual and clients are paying in cash. The amount of registration and income reporting you need to do depends on the extent of your business (namely, your revenue). Maids 1. Anna’s Cleaning Service Loading results Airbnb tenants can leave a mess sometimes. For all your vacation rental cleaning service needs, your Tasker can take care of it.

  39. This is the right weblog for anyone who needs to search out out about this topic. You notice so much its virtually laborious to argue with you (not that I truly would want…HaHa). You positively put a brand new spin on a subject thats been written about for years. Great stuff, just nice!

  40. Howdy very nice web site!! Guy .. Excellent .. Wonderful .. I will bookmark your blog and take the feeds additionally…I am glad to seek out so many useful information here in the publish, we want develop more techniques on this regard, thanks for sharing. . . . . .

  41. Thanks so much for giving everyone an extraordinarily superb possiblity to read articles and blog posts from this web site. It’s always very enjoyable and stuffed with fun for me personally and my office mates to search your web site more than thrice in 7 days to read through the fresh things you have got. And definitely, I’m also always astounded with the remarkable secrets you serve. Certain 4 tips on this page are without a doubt the finest I have ever had.

  42. Good day! I know this is kinda off topic but I was wondering which blog platform are you using for this site? I’m getting sick and tired of WordPress because I’ve had issues with hackers and I’m looking at alternatives for another platform. I would be great if you could point me in the direction of a good platform.