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Ethiopia sets aside $500 million to boost manufacturing industry

Published on September 12, 2018
Ethiopia’s manufacturing sector will receive a financial boost of $500 million, from the country’s largest commercial bank, Commercial Bank of Ethiopia (CBE)The banking company has increased the budget allocation by $200 million in comparison to the $300 released in MarchKey market players have, yet, urged for more finances in the sector should the industry produce to its potential capacity.
The manufacturing sector in Ethiopia has an array of business opportunities which investors have been called to seizeVietnamese companies have shown interest in supporting the industry which has created thousands of job opportunitiesTheir influence in the sector will spur trade between Ethiopia and Vietnam as well as increase the country’s productivity. Read more. Source | The Exchange