Ethiopia: The Less Ideological Foremost

If anything is to be made from the series of engagements Prime Minister Hailemariam Desalegn embarked upon last week, with members of the private sector and the media, it is his strongly expressed wish to see the domestic private sector involve itself in the manufacturing sector, which contributes to 13pc of the nation's GDP.

Hailemariam characterised the private sector, which has used 15pc of the 96 billion Br advanced to it by the financial industry in the ending fiscal year, as being too entangled in trade and services to secure the nation sustained growth. The Prime Minister dismissed criticisms from an international finance institution that the administration is crowding out the private sector in its growth strategy, largely driven by public expenditure.

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