Gov’t committed to fostering robust private sector as cornerstone of economic growth — DPM

Addis Ababa, December 19, 2024 (FMC) — The Ethiopia government is committed to fostering a robust private sector as a cornerstone of the country’s burgeoning economic growth, according to Deputy Prime Minister Mr. Temesgen Truneh.

The Deputy PM’s asserted this commitment after he visited the STEELY R.M.I. steel manufacturing plant in Bishoftu city, Oromia region, today.

This innovative facility leverages advanced digital processing and renewable energy to recycle scrap metal, producing high-quality steel products for the construction industry, Temesgen noted in a post on social media platform X (formerly Twitter).

By substituting imported steel with locally manufactured alternatives, the plant is contributing significantly to economic self-reliance.

The government is committed to fostering a robust private sector as a cornerstone of economic growth, emphasized, indicating that efforts will focus on improving access to credit, enhancing infrastructure, and optimizing operating conditions to support businesses like STEELY R.M.I. in driving sustainable development.