“There is enough credit [financing] available for investors.”

PM Hailemariam DesalegnPrime Minister Hailemariam Desalegn told local and foreign investors who were in attendance of a forum at the Millennium Hall for consultation about the government’s strategic direction for industrialization. The Prime Minister who gave policy remarks at the closing of the three days forum held on June 30-July 2, affirmed that the Development Bank of Ethiopia (DBE) is availing enough credit to the private sector. 

He said the private sector took 52Pct (or 22 billion birr) of the total loan disbursed during the past ten months of the current fiscal year. However, DBE lends only for investors that are engaged in manufacturing sector or planning to join the sector. Much of the loans were advanced to foreign investors because only few local firms come with proposals that were well done to convince the DBE. 

2nd Year . August 2014 . No.17


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