AFRICANGLOBE – The Ethiopian government has announced it will develop two new institutions in the fields of agribusiness, chemicals and construction materials.
These follow institutes in the leather and textile sectors that opened in 1998 and 2010.
They aim to encourage manufacturing by helping companies keep costs down, train personnel and climb the value chain.
The government is also focusing on metals, with the goal of creating a national steel company that will complement the large dam-building programme already underway.
“Our main objective is to meet the ever-increasing demand for metal products due to the country’s growth and huge projects being undertaken by the government,” says Ethiopia Metals Industry Development Institute spokesman Fite Bekele.
“We also facilitate the linkage of these industries with small and micro enterprises to help them outsource some of their products, while instructors of universities and technical colleges acquire practical design and product development skills.”
The metals institute employs more than 200 engineers and designers to test products that could be manufactured locally.
It is supporting 51 firms located around Addis Ababa and the Oromia region.
Between July 2012 and June 2013, Ethiopian companies produced metal products worth more than $1bn.
The government’s Growth and Transformation Plan predicts that the sector could produce goods worth $5.2bn from 194 companies and future investments over the period of 2010 to 2015.
By: Andualem Sisay