Thursday, April 18, 2024
BusinessThe smart industry

The smart industry

The world’s most resilient economy, the US economy, has championed specific industries with big growth potentials over the years. The banking, extractive industries and manufacturing sectors have each contributed to sustain the world’s leading economy for years. Then, the nineties dawned and the “dot-com” industry swept across the US. The unlimited growth potential in the software industry propelled another manufacturing sector which has been around the block for many years: the electronic hardware industry. This gave rise to the likes of Apple Corporation, the biggest ICT hardware maker in the US and one of the biggest in the world. Today, the release a new model iPhone causes fanfare and long queues in front of stores. Together with Samsung from South Korea, iPhone mobile devices have a considerable market in Ethiopia. Yet again, recent developments in mobile phone assembling in Ethiopia are becoming a ray of hope for the emergence of new a manufacturing subsector and with massive potential for foreign currency generation. 

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