The Ethiopian Investment Agency announced 189 projects with over 10 billion Ethiopian Birr capital have gone operational in the past Ethiopian Fiscal Year.

Getahun Negash, from the Agency's Public Relations Directorate said the number of projects being operational is growing every year.

Getahun said the number of projects going operational increased as a result of support given to investors that have taken licenses and have not implemented their projects due to various reasons.

Although the government is encouraging investors engaged in the manufacturing sector, power disruption, shortage in input provision and limitations with customs and airlines cargo capabilities are some of the challenges the sector is facing, he said.

The Agency is working with stakeholders to address the problems, Getahun added.

Source: Walta