Increasing domestic production and substituting imported goods, nearly $5 billion in foreign currency has been saved during the current fiscal year, said Tthe State Minister of Industry of Ethiopia, Mr. Tarekegn Bululta. The State Minister made the remark to a group of journalists from various local media outlets who visited the activities performed in the manufacturing industry sector. Mr. Tarekegn stated during the occasion that the “Let Ethiopia Produce” (Ethiopia Tamrit) national movement has created high momentum in the manufacturing industry sector. He noted that the “Let Ethiopia Produce” movement, along with policy revision works carried out to solve bottlenecks in the sector, has made a great contribution to this success. The State Minister pointed out that beyond making factories that were previously closed for various reasons resume operations, new factories have been built.

Source: Ethiopian News March 27, 2026 12:13 UTC