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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 . . .

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