Loan available for manufacturing sector: PM

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Addis Ababa, 3 July 2014 (WIC) - Prime Minister Hailemariam Deselegn said that there is enough provision of loan for the investors to work on the Manufacturing sector.

Discussing with the local business people on 02 July 2014 in Addis Ababa, Hailemariam indicated that for those committed to invest on the manufacturing sector as this sector can transform the country’s economy loan can be provided.

According to the premier local investors are not benefiting this loan as they are preferring the trade and service sectors instead of having taken up the manufacturing one.

He noted that out of the 20 billion Birr loan provided by the Development Bank of Ethiopia in this fiscal year the most went to foreign investors who have taken the manufacturing sector.

Out of local investors some 20 percent are on manufacturing while the rest prefer trade and service sectors. (ERTA)