Ethiopian Minister of Trade Melaku Alebel announced the government\u2019s decision to make $44 million available as loans for PhiBela and Shemu edible oil factories.<\/p>\n
The announcement came as a government delegation led by the Minister visited the Shemu edible oil, liquid and bar soaps manufacturing company in Dire Dawa, Ethiopia\u2019s eastern town.<\/p>\n
Last month, Prime Minister Abiy Ahmed inaugurated PhiBela cooking oil factory, the country\u2019s biggest edible oil factory in the Amhara Region, with a total investment of 4.5 billion Birr. <\/p>\n
PhiBela has the potential to produce 1.5 million liters of edible oil per day to meet 60 percent of the demand for cooking oil in the country. Shemu Plc has a capacity of manufacturing 950 liters of cooking oil per day.<\/p>\n
The minister said the government will make $44 million as a loan to help the two giant edible oil factories rectify shortage of working capitals.<\/p>\n","protected":false},"excerpt":{"rendered":"
Ethiopian Minister of Trade Melaku Alebel announced the government\u2019s decision to make $44 million available as loans for PhiBela and Shemu edible oil factories. The announcement came as a government delegation led by the Minister visited the Shemu edible oil, liquid and bar soaps manufacturing company in Dire Dawa, Ethiopia\u2019s eastern town. Last month, Prime […]<\/p>\n","protected":false},"author":269,"featured_media":353307,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8],"tags":[],"class_list":["post-353306","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethiopian-news"],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/mereja.com\/index\/wp-content\/uploads\/2021\/03\/Melaku-A.jpg?fit=225%2C225&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p9NivD-1tUu","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts\/353306","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/users\/269"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/comments?post=353306"}],"version-history":[{"count":1,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts\/353306\/revisions"}],"predecessor-version":[{"id":353310,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts\/353306\/revisions\/353310"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/media\/353307"}],"wp:attachment":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/media?parent=353306"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/categories?post=353306"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/tags?post=353306"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}