Trade, Industry Council Draft Law Vital to Advance Private Sector Role in Economy
Revision of laws and building a strong structure for the business community in Ethiopia is crucial for advancement of the private sector’s role to the national economy, Ministry of Trade and Industry State Minister said.
Some 12 regional council members and 6 associations of Ethiopian Chamber of Commerce and Sectoral Association (ECCSA) held a consultative meeting today to enrich the draft proclamation developed to substitute Chamber of Commerce and Sectorial Association proclamation.
Trade and Industry State Minister Eshete Asfaw said on the occasion that the revision of law and strong structure that complies with current dynamics of the country is vital to increase the role of the private sector in the economic activities of the country.
Countries with strong chambers’ structure have modern trade, improved competitiveness, enhanced industrialization and investment, Eshete noted.
The draft proclamation has focused on manufacturing and industry, he added.
Gondar City, Surroundings Lure about 3.8 Billion Birr Investment
Some 75 Investors with close to 3.8 billion Birr registered capital have obtained licenses to operate in Gondar city and the surroundings during the past five months, according to the city administration.
In an exclusive interview with Ethiopian News Agency, Gondar City Administration Industry and Investment Department Head Bayu Abuhai said the bureau has issued licenses for 75 of the investors interested in investing in agro-processing, large-scale farming, services, manufacturing, and others.