Search results
Results from the WOW.Com Content Network
Over 50%, agriculture comprises the largest industry sector in Ethiopia. The government undertakes both large-scale and small-scale farming, leading to high production of livestock products (milk, egg and meat) beverages, leather and textiles industry. Other goods are apparel, leather goods, and finished meat products for export and domestic ...
However, the development of the textile industry is a priority of the Ethiopian government in their economic growth strategy and in 2006 implemented an important privatization initiative to attract foreign and private enterprises to develop the sector. [3]
Manufacturing in Ethiopia was, before 1957, dominated by cottage and handicraft industries which met most of the population's needs for manufactured goods such as clothes, ceramics, machine tools, and leather goods. Various factors – including the lack of basic infrastructure, the dearth of private and public investment, and the lack of any ...
Ethiopia's economy experienced strong, broad-based growth averaging 9.4% a year from 2010/11 to 2019/20. Ethiopia's real gross domestic product (GDP) growth slowed down to 6.1% in 2019/20 due to the COVID-19 pandemic. [80] Industry, mainly construction, and services accounted for most of the growth.
The textile industry in India traditionally, after agriculture, is the only industry that has generated huge employment for both skilled and unskilled labour in textiles. The textile industry continues to be the second-largest employment generating sector in India. It offers direct employment to over 35 million in the country. [25]
One of the largest Turkish textile factories, AYKA Textile Industry and Trade Incorporated, began relocating its garment factory to Sebeta Hawas in December 2006. The Turkish manufacturer established earlier that year an Ethiopian subsidiary, AYKA Addis Plc, to run the factory. [ 2 ]
The Ministry of Trade and Industry was established in August 1995 with the Proclamation No.4/1995 for assignation of powers to the executive organs of the Federal Democratic Republic of Ethiopia. It was reorganized by with proclamation No 619/2003 to amend the Proclamation No 256/2001 structure, with the ministry has power to oversee five ...
Location of Ethiopia. Ethiopia is a country located in the Horn of Africa. According to the IMF, Ethiopia was one of the fastest-growing economies in the world, registering over 10% economic growth from 2004 through 2009. [1] It was the fastest-growing non-oil-dependent African economy in the years 2007 and 2008. [2]