Ethiopia is intensifying efforts to enhance domestic production, attract foreign direct investment (FDI), and achieve trade balance amidst economic challenges. Experts emphasize the critical role of boosting manufacturing, agriculture, and mining sectors to bolster productivity, export earnings, and mitigate foreign currency shortages. The focus on local fertilizer production aims to save significant foreign exchange spent on imports, particularly amid global price fluctuations affecting agricultural inputs. Initiatives include supporting local investors in industrial sectors, enhancing agricultural commercialization, reducing post-harvest losses, and improving food self-sufficiency through quality production. Additionally, opening the market to foreign banks is seen as pivotal to addressing foreign exchange constraints, improving financial accessibility, and fostering economic stability by attracting more investments and technology advancements.
