Preferential Trade Area (PTA) Bank for Eastern and Southern African states has donated 75,000 USD for three East African COMESA member countries operating in leather and leather products industry (LLPI) to advance industrialization.
The agreement was signed between PTA Bank President, Admassu Tadesse and COMESA/LLPI Executive Director Professor Mwinyikione Mwinyihija here today.
During the signing ceremony, Professor Mwinyihija said this is a valuable opportunity for COMESA/LLPI associating with PTA Bank in its endeavor to support corporate social responsibility (CSR) scheme.
This contribution is geared towards supporting three well-organized incubators situated in Ethiopia, Sudan and Uganda.
Ethio-International Footwear Cluster Cooperative Society, Sudanese Science and Technology University, and Ugandan Leather Association are the institutions selected for the purpose of building capacity and facilitating production of high quality leather and leather goods, he elaborated.
PTA Bank President Admassu Tadesse remarked that “PTA Bank is very pleased to support LLPI in its important regional work of strengthening the leather sector, one that has huge potential for industrial value addition.”
The COMESA region has an abundant supply of livestock and more can and should be done to unlock the attendant opportunities as has been done in the other regions and countries, he underlined.
Accordingly, PTA will continue to play its part to support resource-based best industrialization in the region in a disciplined and well considered manner.
PTA Bank aims to support developmental and sustainable initiatives and recognizes that the leather sector has been highlighted as priority agro-based commodity in the COMESA region.
COMESA/LLPI was approved by the Preferential Trade Area (PTA) for Eastern and Southern African states in 1988 to fulfill its industrial objective of supporting leather industries of COMESA region.
[EthiopianNewsAgency]
