Ethiopian Enterprise Development (EED) distributed loans totaling Birr 1.1 billion within the first half of this fiscal year to boost the capacity of enterprises. EED was also able to create employment opportunities for 13,774 individuals by establishing 1,647 new enterprises during the same period.
The Ethiopian Enterprise Development (EED) has disbursed over Birr 5.3 billion in operating loans to 712 small and medium-sized manufacturing enterprises in the first six months of the 2024/25 fiscal year. This financial support has contributed to the creation of 60,320 jobs within the sector during the same period.
The Ethiopian Enterprise Development (EED) released its performance report for the nine months of the 2023/24 fiscal year. The report highlights achievements in export generation, import substitution, and job creation within the manufacturing sector.
Ethiopian Enterprise Development announced significant achievements in the past six months of the fiscal year, including the establishment of 1,493 small and medium industries, securing USD 17 million in exports, and generating 74,000 jobs.
The Addis Ababa Abattoirs Enterprise, Ethiopia is planning to move the Kera abattoir from Kirkos District to a new plant in Akaki Kaliti District. The announcement was made last week inviting bidding for consultant services to undertake a feasibility study and operational planning study for relocation.
The bid document explains that the move is designed to facilitate the improvement and modernization of the slaughtering services offered by the abattoir to meet the growing demand.
The move anticipated for the past 15 years will be funded by a 900 million birr soft loan from the Agence Francaise de Developpement.
