Ethiopia’s ambitious "Made in Ethiopia" movement has achieved a significant milestone, saving the country $3.4bn in import costs as domestic manufacturing capacity continues to climb. Addressing the House of Peoples’ Representatives, the Prime Minister revealed that industrial capacity utilization has jumped from 47% to 66.3% in just three years. This industrial awakening is further reflected in energy trends, with industrial power consumption rising by 16% over the last six months alone. With momentum building, the government now expects industrial export earnings to double by the end of the current fiscal year.

On the fiscal front, PM Abiy Ahmed reported a strong revenue performance, collecting 709 billion birr in the first half of the year against an annual target of 1.2 trillion birr. While the figures mark a solid start, he noted that Ethiopia still has ground to cover to match the revenue-to-GDP ratios seen elsewhere in Sub-Saharan Africa. Meanwhile, the administration has maintained tight control over the purse strings, with expenditure for the first six months accounting for only 48.5% of the planned budget, signaling a disciplined approach to national spending.