The Industrial Parks Development Corporation (IPDC) has announced that import-substitute products worth more than ETB 26.7 billion were produced within the Special Economic Zones (SEZs) and industrial parks under its administration. These goods were supplied to the domestic market during the Ethiopian fiscal year that ended on July 7, 2026.
IPDC Chief Executive Officer Dr. Fisseha Yitagesu made the announcement, highlighting the growing role of industrial parks in reducing Ethiopia’s dependence on imported goods. The production includes a range of manufactured items that were previously imported.
The achievement underscores the government’s strategy to boost local manufacturing and create jobs through its industrial park program. IPDC manages several SEZs across the country, focusing on sectors like textiles, leather, and agro-processing.
Economists see this as a positive step toward self-sufficiency, though challenges such as infrastructure and foreign exchange remain. The IPDC continues to attract investors and expand park capacities.
Article source: newbusinessethiopia.com | Image credit: FurtherAfrica
