Ethiopia’s economy is hitting a significant stride, anchored by a massive 5 billion USD saved through import substitution and a record-breaking agricultural harvest of 1.3 billion quintals. This was revealed by prime Minister Abiy Ahmed (PhD), during the 30th regular session of the House of People's Representatives.
This surge is defined by double-digit expansion across core industrial sectors, with mining up by 24 percent, energy by 23 percent, and manufacturing by 20.3 percent.
Alongside this, the agricultural sector is seeing a 7.7 percent growth rate, a performance that has helped propel the country to become Africa's second-largest avocado exporter while cultivating 29 million hectares of land.
The engine behind this industrial momentum is a deliberate strategy to overhaul domestic manufacturing capacity, which is currently on a trajectory to reach 67 percent. By adding ten new industrial parks to existing hubs in Kombolcha, Mekelle, and Hawassa, Ethiopia has successfully attracted over 80 percent of its foreign direct investment, creating a self-sustaining ecosystem that is already paying dividends.
Looking ahead, the government is setting an ambitious pace with plans to drive 12.7 percent growth in these industrial parks next year, targeting 1 billion USD in export revenue to further bolster the national economy.
This newfound productivity is equally visible in the rural landscape, where the "Bounty of the Basket" program has redefined the country's agricultural output. The success of this initiative is perhaps best embodied by the transformation of the Borena region, which has pivoted from a history of severe drought to becoming a fertile expanse of wheat cultivation.
Even as global volatility continues to push up the costs of essential inputs like fuel and fertilizer, Ethiopia is rejecting the cycle of external dependence. By choosing to prioritize domestic production over reliance on aid, the nation is actively working to dismantle the historical narrative of hunger, replacing it with a model of self-sufficiency driven by local labor and land.