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Ethiopia: Ministry of Industry to Enable 179 Manufacturing Companies Restart Production

MOI LOGO MINISTRY OF INDUSTRY

The Ministry of Industry (MoI) announced that it would enable 179 manufacturing companies that stopped working due to various problems to go back to business in the coming six months. Bank debts, shortage of inputs, and inability to meet tax obligations are some of the problems that drove the companies out of market.

Moreover, the Ministry is also working to reopen most of the manufacturing companies in Tigray Regional State in the coming three months. So far, the Ministry has been able to help 200 companies out of the 479 companies that stopped manufacturing to restart production.

Melaku Alebel, the Minster of MoI, stated that his office would strengthen its collaboration with universities to solve labour issues in the manufacturing sector. In addition, the Ministry will collect and build data in the coming three months to support the manufacturing sector.

Source: Addis Zemen