4 July 2014

Ethiopia: Premier Says Private Sector Injects New Impetus to Ethiopia's Rejuvenation

Prime Minister Hailemariam Desalegn reiterated on Wednesday (July 2) that the role of a determined private sector would blueprint the future economic trajectory of Ethiopia. During the Second National Business Conference (NBC) meeting aimed at addressing potential policy and regulatory challenges encountering the private sector, the Prime Minister underlined the private sector ought to explore ways on how to be a tower of strength to Ethiopia's future economic development and sustain the momentum of the present economic growth.

He also underscored that the private sector could contribute a lot to building a road for the development of manufacturing sector as well as service delivery in a bid to bring forth structural economic transformation in the country, pledging that the Government of Ethiopia was ready to provide loan for those who were determined to work in the manufacturing sector. He also recognized that the manufacturing sector presented enormous challenges to the private sector, but, he emphasized, the Government was always behind the private sector to gain mastery over the encumbrances.


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