Ten Years Development Plan: A Pathway to Prosperity (2021–2030)

The Ten Years Development Plan (2021-2030) serves as the national roadmap to make Ethiopia an "African Beacon of Prosperity" by 2030. A pillar of the plan is Economic Productivity and Competitiveness, which prioritises the "Manufacturing Industry Development" to shift the economy from low-productivity agriculture to high-productivity industry. The strategy aims to increase the manufacturing sector’s share of GDP from 6.9% in 2019/20 to 17.2% by 2030.

To support this industrialisation, the plan outlines large investments in energy. The government has set the following key targets and investment goals:

• Financial Allocation: The plan projects that 43.3% of total capital expenditure will be directed toward infrastructure (including energy). Additionally, the industry sector is allocated birr 5.7 trillion (40.7% of total non-budgetary domestic loans) to meet its investment needs.
• Industrial Goals: The plan targets raising average manufacturing capacity utilisation from 50% to 85% and increasing the domestic market share of locally manufactured products to 60%.

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