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

grant-durr-1Inl7fbfwCI-unsplash
Oil rush drives Namibia’s record $6bn FDI surge
Read More »
Breaking News
Nigeria’s inflation eases ahead of key interest rate decision
Read More »
tina-guina-obV_LM0KjxY-unsplash
Cocoa and coffee surge boosts CEMAC's commodity index
Read More »

Recent Politics

Allen dreyfus Logo
Ghana’s Goldbod CEO under fire for viral cash-gifting video
Read More »
Allen dreyfus Logo
Uncertainty grows as Cote d’Ivoire opposition leader quits race
Read More »
dimitry-b-D3ZojRFM8rI-unsplash
Mozambique pins recovery on gas boom—but Cabo Delgado unrest lingers
Read More »

Latest Posts

Latest news insights