Bahirdar, May 7, 2008 (WIC) – More
than 100 million birr loan would be provided to tens of
thousands of youth in Amhara State to enable them engage
in micro and small-scale enterprises next Ethiopian
year, according to the state administration.
Deputy Chief Administrator of the state, Demeke Mekonnen, made the remark here yesterday while handing out awards to some 434 millennium development heroes who accumulated wealth up to 2.3 million birr.
The government has given due attention to engaging citizens in sectors that would yield better results in a short span of time so as to replicate economic gains achieved in rural parts of the country as well as speed up the emergence of industries, he underlined.
The State Trade and Industry Development Bureau Head, Kassa Teklebirhan, on his part said that more than 760,000 citizens have engaged in 405, 855 micro and small-scale enterprises in the state.
Over 188, 000 news jobs have been created just in the past five years, according to the head. Over 279 million birr loan and more than 9 million square meters of land was also provided to the youth, he added.
The State Micro and Small-scale Trade and Industrial Works Promotion Agency Head, Tesfaye Getachew, on his part underscored that the contribution of partners is significant so as to further step up the results achieved to a higher level as well as rectify drawbacks.