Hey friends, big news from East Africa! 🚀 Ethiopia is gearing up to hit a jaw‑dropping $10 billion in export revenue this fiscal year (2025/2026) – a historic milestone, according to Prime Minister Abiy Ahmed.
Speaking in Addis Ababa, PM Abiy called the target a “historic milestone” that could nearly triple the country’s earnings compared to three years ago. How’s that possible? The manufacturing sector has been on fire 🔥, with growth trends driving a surge in locally made goods.
One key driver? The “Made in Ethiopia” campaign, which has saved the nation over $14.5 billion through import substitution over the past four years. That means more home‑grown products and fewer dollars flowing out of the country.
And the numbers speak for themselves:
- Last fiscal year, Ethiopia earned $8.3 billion – a massive 115.8% jump from the previous year.
- In the first eight months of the current fiscal period, exporters have already raked in $6.76 billion.
- Nearly 1,000 previously shuttered factories are back in operation, and over 3,600 new investors have jumped into manufacturing.
The economy is projected to grow by arobust 10.2% this year, creating jobs and expanding industrial capacity. It’s a win‑win: more exports, more cash in the treasury, and more opportunities for young Ethiopians.
So, what does this mean for you? If you’re into global markets, trade, or just love hearing about economic success stories, Ethiopia’s export boom is one to watch. 🌏💼
Reference(s):
Ethiopia targets record $10 billion annual export revenue: PM
cgtn.com
