Bulga town which is located in North Shewa Zone of the Amhara Regional State has granted permission to 63 investors who collectively have a registered capital of over Birr 11 billion to engage in agriculture, food processing, steel manufacturing, and other industrial sectors.

Over the past five years, investors with a registered capital of Birr 32 billion  have entered into work in Bulga in agro-processing, medicine factory, steel manufacturing, food processing, and liquid fertilizer production. The town’s Mayor, Berhan Mekonen, stated that Bulga was making efforts to expand investment by taking advantage of the favorable conditions in the area. Investors have created over 13,000 job opportunities in the area.

A pharmaceutical company called Human Well which is situated in the town has started exporting its products to Mali. Nguse Guchale, the head of administration at Human Well stated that the factory produced 65 types of medicines in capsules, syrups, and other forms that had been approved by the Government and verified for quality. While the factory has been supplying drugs to the local market for the past two years, it has now started exporting 2,181 cartons of medicine to foreign markets. The Mayor believes that this achievement will encourage other factories to follow suit.

Source: Ethiopian News Agency