Tag Archives: Environmental conditions

Manufacturers strongly believe nation’s forex crunch, youth demands for jobs & rights conscious local communities’ actions impede productivity

10 Feb

Posted by The Ethiopia Observatory (TEO)
by The Reporter
Investors engaged in the manufacturing sector presented their complaints over the critical challenges hampering their productivity to the federal government.

At a consultative meeting held on Thursday with investors engaged in the chemical and construction input manufacturing industry, owners and managers expressed their discontent over the dearth of foreign currency, erratic power supply and disputes with local communities. The consultative meeting was organized by the Chemical and Construction Inputs Industry Development Institute in collaboration with the Ministry of Industry.

The investors lamented that the critical foreign currency shortage is hampering their productivity significantly and putting the livelihood of thousands of employees at stake. Marble producers disclosed that they intensively use heavy duty machineries and they were unable to secure foreign currency to import spare parts for their machineries.
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