During discussing with local investors Prime Minister Haile Mariam Desalegn noted there is enough loan available to investors that are willing to invest in the manufacturing sector. The discussion was held on Wednesday, July 2, 2014 in Addis Ababa.

Haile Mariam explained loan will be provided to investors who are keen to invest in the manufacturing area for it will transform Ethiopia’s economy.

Nonetheless, Haile Mariam noted local investors prefer trade and service sectors which make them not able to benefit from the loan.

According to the Premier out of the total 20 Billion Birr loan extended by the Ethiopian Development Bank in the current fiscal year, much of it went to foreign investors who chose to invest in the manufacturing sector.

Figures show it is only some 20 percent of the local investors that are engaged in the manufacturing sector.

Source: Ethiopian Radio and Television Authority