Search

Ethiopia’s Manufacturing Sector Sees Surge in Financing Amid Reforms

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 . . .

You need an active subscription to continue reading this article.

Recent Business

jakub-zerdzicki-8wLZi9OhsWU-unsplash
Tinubu’s tax reform falls short of ambition after resistance from northern states
Read More »
silhouettes-6576684_1920
Inside the AfDB’s Next Chapter: Debt, Diplomacy and the Tah Doctrine
Read More »
kofi-bhavnani-4c-k7vendbg-unsplash
Public anger mounts in Ghana over new fuel levy to tackle energy debt
Read More »

Recent Politics

jakub-zerdzicki-8wLZi9OhsWU-unsplash
Tinubu’s tax reform falls short of ambition after resistance from northern states
Read More »
silhouettes-6576684_1920
Inside the AfDB’s Next Chapter: Debt, Diplomacy and the Tah Doctrine
Read More »
kofi-bhavnani-4c-k7vendbg-unsplash
Public anger mounts in Ghana over new fuel levy to tackle energy debt
Read More »

Latest Posts

Latest news insights