A 16 billion birr loan has been prepared for the business community

Addis Ababa, June 02/2021  (MOTI) – The Minister of Trade and Industry, Melaku Alebel, said there are 2.4 million businesses in the country, of which 632,218 are located in Addis Ababa.

He said the trade sector accounts for 28 percent of the country’s gross domestic product.

He recalled that the trade law, which had not been amended for 62 years, had created bottlenecks in the sector, adding that the law was amended in 2013 after 34 years of efforts. He said this will buy the season and stimulate the sector.

According to Melaku, the ongoing reforms in the business sector are encouraging and solving the problems of the business community. He said solutions have been put in place for land and infrastructure issues.

According to Melaku, 8.6 billion birr was allocated last year for the supply of loans to the business community.

Source: Ministry of trade and industry