The government of Ethiopia has begun providing financial support for companies whose properties have been damaged due to the unrest occurred is some parts of the country in the last one and a half years.
The government has set aside over half a billion birr in financial support for the companies, according to Fitsum Arega, Commissioner of the Ethiopian Investment Commission (EIC).
A total of 302 investment institutions, including 53 floriculture and horticulture farms, 48 coffee processing industries and six public enterprises, were attacked during the unrest, the Commissioner told journalists today.
He said the fund was secured from the Development Bank of Ethiopia (DBE) and Commercial Bank of Ethiopia (CBE).
Works were also underway to provide financial support for 200 companies whose properties have been damaged during the past six months, he added.
As a result of the awareness raising given on the State of Emergency, investors are building their confidences on the people and government of Ethiopia, he said.
According to him, companies with a combined capital of about 2 billion US dollars have expressed their interest to invest in apparel and textile sectors in Ethiopia over the coming one year.
Despite the unrest, Ethiopia attracted 2.2 billion US dollars in the first half of this fiscal year, he said. (FBC)