Friday, March 21, 2025

Ethiopia’s Tamrit Expo Poised to Generate Billions in Trade, Boost Manufacturing Sector

By Eyasu Zekarias, Photo by Anteneh Aklilu

The third edition of the Ethiopia Tamrit Expo, a national movement aimed at revitalizing the country’s manufacturing sector, is projected to generate over five billion birr in trade transactions, according to Industry Minister Melaku Alebel. The expo’s launch event, held recently in Addis Ababa, highlighted the initiative’s significant potential impact on Ethiopia’s economy.

Melaku emphasized that while Ethiopia boasts a rich history of ancient civilization, its manufacturing productivity has been slower to develop. Recognizing the crucial role of a strong manufacturing industry in Ethiopia’s journey towards prosperity, the Ethiopian Tamer initiative was launched in 2022.

The minister noted that the initiative has already achieved considerable success in addressing challenges within the sector over the past two years. Notably, the increased availability of domestically produced goods through reduced foreign exchange costs and import substitution has been a key achievement. In the first six months of fiscal year 2025 alone, Ethiopia successfully produced two billion birr worth of such products.

“Prioritizing the manufacturing industry is critical for building a sustainable and inclusive economy,” Melaku stated. He noted that the world is moving towards the fifth industrial revolution, characterized by production processes in which people and machines work closely together. Advances in robotics, artificial intelligence, and global internet connectivity are transforming industries, leading to more efficient, faster, and cost-effective production methods.

While acknowledging Ethiopia’s historic contributions to civilization in areas such as agriculture, architecture, science, and social systems, the minister stressed the need to modernize production systems to keep pace with global advancements. He reiterated the government’s commitment to making Ethiopia a model of prosperity in Africa by adopting modern technology and increasing domestic production.

The Ethiopian Tamer initiative aims to address key challenges facing the manufacturing sector, including market access, raw materials, reliable energy sources, and skilled labor. The initiative is working to improve the overall business environment through economic reforms, support for the manufacturing sector, streamlining government services, and efforts to enhance competitiveness.

The 2025 Ethiopian Tamer Expo, scheduled to run for seven days starting on May 7, 2025, is expected to attract a diverse array of businesses and generate substantial commercial activity. Minister Melaku called on all stakeholders to contribute to the success of the Expo, highlighting its potential to drive growth and innovation within Ethiopia’s manufacturing sector.

Related Stories