Addis Fortune (Addis Ababa)

Ethiopia: Industrial Week Celebrated

After finding out that the Ethiopian industry is not supported by applied research, the National Association of Ethiopian Industries (NAEI) is to celebrate the Ethiopian industrial week with the theme "Applied Research for Industry Development", starting from December 14, 2011.

The association which is celebrating the week for the 12th time selected the theme, observing that many businessmen are joining the industry sector just because they have the necessary capital, according to Mohammed Nur, chairperson of the Association.

"This culture has to be changed if the Ethiopian industry is to go one step ahead," he said.

The government plans to increase the industrial sector contribution to the economy by up to 18.8pc in 2014/15 from its current contribution of 12.7pc, according to the five year Growth & Transformation Plan (GTP). The sector is also expected to become the leading sector of the economy, overtaking the service sector by 2020.

Ads by Google

Copyright © 2012 Addis Fortune. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 2,000 reports a day from more than 130 news organizations and over 200 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.