Search

Ethiopia’s Manufacturing Sector Sees Surge in Financing Amid Reforms

Addis, Ababa, Ethiopia. © Unsplash
Addis, Ababa, Ethiopia. © Unsplash
  • Loan disbursements to manufacturers more than double, reaching $62.9 million in six months.
  • Lending to small and medium-sized enterprises rises tenfold to 10.3% of banks' capital

Addis Abba, Ethiopia - Ethiopia’s ongoing macroeconomic reforms, launched six months ago, have sparked significant changes in the manufacturing sector, with demand for loans doubling during the period. Speaking at the House of People’s Representatives Friday, Industry Minister Melaku Alebel revealed that while the government had planned to provide $27.4 million in loans and lease financing to . . .

Recent Business

An oil worker on the field. Photo by Chintya Akemi Keirayuki @ Unsplash
Africa’s winners and losers as Iran war reshapes oil, gold markets
Read More »
Dar es Salaam, Tanzania. © Unsplash
Bank of Tanzania takes equity stake in Africa Finance Corporation
Read More »
Ziguinchor, Senegal. Photo by Sweder Breet @ Unsplash
Senegal exports plunge 50% as gold collapse exposes economic vulnerability
Read More »

Recent Politics

A soldier in the war front. Photo by Stijn Swinnen @ Unsplash
Kenya halts recruitment into Russia’s war. Who gains and who loses?
Read More »
Uganda president Yoweri Kaguta Museveni. Photo: Yoweri Kaguta Museveni/Facebook
Can Museveni’s leadership and a new funding model rescue East Africa from chronic cash crises?
Read More »
Nigeria young voters protest for reforms. Photo by Ayoola Salako @ Unsplash
Nigeria’s 2027 election raises political risk for investors
Read More »

Latest Posts

Latest news insights