Over 446 manufacturing industries stopped production in Ethiopia as of early 2022 due to various economic challenges.. More recently, reports indicate a severe decline in business, with over 23,000 medium enterprises closing in 2024 and 18 foreign companies exiting industrial parks following the AGOA suspension.
Business and Human Rights Centre
Business and Human Rights Centre
+4
Key Data on Factory/Business Closures:
Manufacturing Halt (2022): A government campaign identified 446 manufacturing industries that had stopped operations.
Foreign Company Exit (2025 Report): At least 18 foreign companies exited industrial parks, with 8 leaving Hawassa, 5 from Bole Lemi, and 3 from Adama.
Mass Business Closures (2024-2025): Over 470,000 licenses across various sectors, including manufacturing, fell out of the official register, with over 23,000 medium enterprises closing in 2024 alone.
Large Enterprise Decline: Large-scale enterprise numbers dropped by nearly 86% to under 800 by 2025.
New Business Ethiopia
New Business Ethiopia
+2
The closures are attributed to factors including the suspension of the African Growth and Opportunity Act (AGOA ), foreign exchange shortages, and security challenges.
Business and Human Rights Centre
Business and Human Rights Centre
+3
Ethiopia: NBE report reveals 11500 jobs lost, 18 foreign ...
15 ፌብ 2025 — ... companies, but fails to elaborate on how successful these efforts have been. Meanwhile, no less than 20 companies have either ...
Business and Human Rights Centre
Ethiopia: NBE report reveals 11500 jobs lost, 18 foreign ...
15 ፌብ 2025 — Ethiopia: NBE report reveals 11,500 jobs lost, 18 foreign companies exiting industrial parks following AGOA suspension. English.
Business and Human Rights Centre
446 manufacturing industries in Ethiopia stopped production
4 ሜይ 2022 — The campaign, which already identified that 446 manufacturing industries in the country have stopped production, also aims to help...
New Business Ethiopia
Abiy closed 86% of big companies(more than 2000 enterprises) over few years: የራሱ እያረረበት ስለ ኢሳያስ 300 ፋብሪካ ያወራል!
Last edited by Axumezana on 03 Mar 2026, 02:57, edited 1 time in total.
Re: Abiy closed 86% of big companies over few years: የራሱ እያረረበት ስለ ኢሳያስ 300 ፋብሪካ ያወራል!
Don't expect any take on this topc from the rapidly declining huressa.
Re: Abiy closed 86% of big companies(more than 2000 enterprises) over few years: የራሱ እያረረበት ስለ ኢሳያስ 300 ፋብሪካ ያወራል!
Axumezana wrote: ↑03 Mar 2026, 02:41Over 446 manufacturing industries stopped production in Ethiopia as of early 2022 due to various economic challenges.. More recently, reports indicate a severe decline in business, with over 23,000 medium enterprises closing in 2024 and 18 foreign companies exiting industrial parks following the AGOA suspension.
Business and Human Rights Centre
Business and Human Rights Centre
+4
Key Data on Factory/Business Closures:
Manufacturing Halt (2022): A government campaign identified 446 manufacturing industries that had stopped operations.
Foreign Company Exit (2025 Report): At least 18 foreign companies exited industrial parks, with 8 leaving Hawassa, 5 from Bole Lemi, and 3 from Adama.
Mass Business Closures (2024-2025): Over 470,000 licenses across various sectors, including manufacturing, fell out of the official register, with over 23,000 medium enterprises closing in 2024 alone.
Large Enterprise Decline: Large-scale enterprise numbers dropped by nearly 86% to under 800 by 2025.
New Business Ethiopia
New Business Ethiopia
+2
The closures are attributed to factors including the suspension of the African Growth and Opportunity Act (AGOA ), foreign exchange shortages, and security challenges.
Business and Human Rights Centre
Business and Human Rights Centre
+3
Ethiopia: NBE report reveals 11500 jobs lost, 18 foreign ...
15 ፌብ 2025 — ... companies, but fails to elaborate on how successful these efforts have been. Meanwhile, no less than 20 companies have either ...
Business and Human Rights Centre
Ethiopia: NBE report reveals 11500 jobs lost, 18 foreign ...
15 ፌብ 2025 — Ethiopia: NBE report reveals 11,500 jobs lost, 18 foreign companies exiting industrial parks following AGOA suspension. English.
Business and Human Rights Centre
446 manufacturing industries in Ethiopia stopped production
4 ሜይ 2022 — The campaign, which already identified that 446 manufacturing industries in the country have stopped production, also aims to help...
New Business Ethiopia