Ministry of Trade & Industry announced the government decision to avail 44 million dollars, in a credit arrangement, to the two edible oil factories which recently went operational.
The edible oil factories, Shemu and Phibela, have been working way below their production capacity because of shortage of inputs.
Inaugurated two weeks ago, Shemu edible oil plant is located at Dire Dawa and has the capacity to produce 950,000 litres per day, but it has been utilising 20 percent of its production capacity because of raw materials shortage.
Owned by the renowned businessperson, Belayneh Kinde, Phibela has the capacity to produce 1.5 million litres of edible oil per day. But the company so far has been able to utilize half of this due to unavailability of inputs.
The foreign currency that the government pledged to avail is expected to solve the raw materials shortage faced by the factories, which use crude oil as a major input for production.