10 February 2013

Ethiopia: Micro, Small Enterprise Achieves 81 Percent of Its Plan

The Addis Abeba City Administration's Micro and Small Enterprises (MSEs) Development Bureau announced that the sector has created jobs for 71,088 people over the last six months. This achievement is 81pc of the target set by theEnterprise.

The construction sector has created the lion's share with 43,257 jobs while manufacturing, urban agriculture, trade and service sectors created 11,654, 3,052, 7,033 and 6,092 jobs, respectively. Close to 23,000 jobs were also created in cobblestone paving out of the planned 43,257.

The enterprises have received the necessary support from concerned government bodies, according to theEnterprise's six month report. Close to 342 million Br in loans was provided to enterprises in the reported period. The enterprises were also able to save 308 million Br from their monthly income.

Close to 598 million Br was spent on creating a market link in housing development, cobblestone projects and exhibition and bazaar were organised at district and wereda levels to strengthen the link. With the support of the City Administration, 113 enterprises were transferred to medium level industries with 899 members and 193 million Br capital.

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