ETHIOPA SET TO BECOME MANFACTURING POWER IN AFRICA, SAYS PRESIDENT

Ethiopian President Mulatu Teshome says the country’s expanding skilled labour force and improving investment climate will help it reign as a manufacturing powerhouse in Africa.

Opening a two-day conference on “Sustainable Manufacturing Matters for Ethiopia and Africa” here Tuesday, he said tracking on manufacturing industries was imperative for the sustainability of the economies in Africa. The conference was organized by the Ethiopian Chamber of Commerce and Sectoral Associates (ECCSA) and the Pan African Chamber of Commerce and Industries.

The president said the Ethiopian government recognized that addressing the manufacturing and agricultural sectors through the introduction of modern technological innovations was an urgent issue to ensure sustained national development.

“We need to make both Ethiopia and Africa a hub for manufacturing; and this is a good time for us to push forward and attract more Foreign Direct Investment (FDI),” he added.

Ethiopia is establishing a number of industrial parks through public and private investments. However, the President stressed, the manufacturing sector also needed reliable power, telecommunication services and other industrial infrastructures through one-stop service facilities at the industrial parks.

According to Kebour Ghenna, the Executive Director of Pan African Chamber of Commerce and Industriy, manufacturers had an interest in maintaining a vibrant and healthy manufacturing base.

“Manufacturing should be the bedrock of Africa’s economy and should be the engine of our economic growth” as it drives productivity, provides jobs with better wages and benefits, and it stimulates innovation, he added.

Source: NAM NEWS NETWORK.