Addis Fortune (Addis Ababa)

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.

Ads by Google

Copyright © 2013 Addis Fortune. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 2,000 reports a day from more than 130 news organizations and over 200 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.