Ethiopia takes measures to boost ease of doing business

Photo from Internet

Ethiopia continues to work towards improving ease of doing business in the country as part of wider economic reforms.

The move according to the Prime Minister’s office is to help create a conducive environment for businesses to start up and to also have access to finance.

The result of a good business atmosphere and finance the PM said will be a “means of tackling structural problem of unemployment.” Ethiopia, Africa’s second most populous nation suffers a high unemployment rate.

The Premier met with the Ethiopia Investment Commission, EIC, on Tuesday to review progress on performance of the ‘Doing Business Initiative’ government is currently undertaking.

Abiy also stressed that in addressing access to finance problems faced by many startups, a revision of lending practices which allows putting up movable assets as collateral is being put in place.

Ethiopia, since Abiy took over in April 2018, has been undergoing a raft of reforms. Under the economic reform sector, Abiy has reiterated his resolve to open up a hitherto government-controlled economic space.

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