2merkato

Micro and Small Enterprises in the Ethiopian capital have created 71,088 jobs in the last six months alone according to the Addis Ababa City Administration Micro and Small Enterprises (MSEs) Development Bureau.

This number is just 81 percent of the target 88102 jobs that the bureau had set for the period according to Leulseged Yefru Head  of the Bureau.

The construction sector alone was responsible for creating more than 43 thousand jobs accounting for a significant portion of the total said Leulseged. The manufacturing sector was able to employ almost 12 thousand people, urban agriculture created an estimated 3 thousand and the trade and service sectors together created more than 13 thousand jobs he explained.

A milk processing center was inaugurated in Oromia Regional State, Ethiopia. The processing center was constructed with the financial support of the Japanese government said a press release from the Japanese Embassy.

The Japanese Grant Assistance for Grassroots Human Security Projects provided 86,581 US dollars in funding for the project.

The Ethiopian Mineral Corporation (EMC) and Sunbird Bioenergy Africa have signed a Memorandum of Understanding (MoU) to advance Ethiopia’s renewable energy and biofuel production, marking a significant milestone in the country’s green economic transformation.

The Ethiopian Mineral Development S.C. (EMD) has announced that its Coal Washing and Processing Factory has washed and sold 38,091 tons of coal since commencing operations earlier this year.

Ethiopian Minerals Development S.C requested a loan of 166 million birr from the Development Bank of Ethiopia. The loan will finance the company’s expansion project on the Kenticha tantalum mine.

The expansion project requires an investment of 166.8 million birr to increase the production of tantalum concentrate. The new production line will aim to bring production capacity to 300 tons increasing the company’s revenue to 587.3 million birr.