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News - Financial

Abay Holding provides Br100m to stabilise Bahir Dar Textile

Nov 10, 2026
Abay Holding provides Br100m to stabilise Bahir Dar Textile

Key takeaways

  • Br100 million — Abay Investment Holding says it provided financial support to Bahir Dar Textile.
  • Working capital, production inputs and spare parts are the funding priorities.
  • Br842 million in assets and 1,104 workers underpin the factory’s operating base.
  • The funding follows a leadership restructuring, according to the holding company.

Why it matters

  • The support targets immediate operating pressures rather than a disclosed capacity expansion.
  • Management says longstanding financial and structural problems have constrained production.
  • Analysis: restoring input purchases could help stabilise operations, but funding alone does not establish a turnaround.

What to watch

  • Actual production recovery and the next phase of restructuring.

Source: Ethiopian Business Review | 6 November 2026 |  Original report

Image: AI-generated editorial illustration.