Even before the pandemic, the International Monetary Fund (IMF) had warned that Ethiopia was at high risk of debt distress. But Ethiopia's push into the textile industry over the past 10 years has been emblematic of its manufacturing ambitions. Even before the conflict, insurance companies underwriting political risk had stopped providing cover beyond Ethiopia's northern Amhara region and the federal capital Addis Ababa, a risk consultant who advises corporate clients said. Their best bet is a global economic recovery next year," said Menzi Ndhlovu, senior country and political risk analyst at Signal Risk, an Africa-focused business consultancy. But for now, Ethiopia's grand manufacturing dreams have been dealt a setback.

Source: bd News24 December 10, 2020 15:00 UTC