Ethiopia: Public Bailout As a Fix Not Best, Sustainable

opinion

Government is soon to put aside some fund to 'support', a cautiously coined term by way of implying compensation and keep the options open, the attacked businesses in full or in part. The Ethiopian Investment Commission (EIC) and the Development Bank of Ethiopia (DBE) are spearheading the initiative. The former in charge of studies, and coming up with policy options to be tabled to decision makers, and DBE active in dispatching technical team on the ground to do an independent assessment of the damage that will verify the individual claims of the companies.

The country's political unrest and protest have recently targeted private, big investments,- large scale farms, factories and resorts in Oromia and Amhara regions. No government bodies in regional and federal level have dared to officiate actual damage. Preliminary assessment of Oromia Region's Sebeta town which faced the brunt of the violent attacks has projected the damage to include 11 factories and no less than 60 vehicles, leaving close to 40 thousand people jobless. Yet to be verified the indicative is not simple to overlook of the magnitude.

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