The Addis Ababa City Labour Enterprise and Industry Development Bureau revealed that 481 enterprises have transitioned to high and medium industry in Addis Ababa. This was mentioned during the 12th round of the transition program of enterprises which was held yesterday. The transferred enterprises were urged to increase foreign exchange earnings by creating employment opportunities, market linkages, and producing proxy products. According to the Bureau, the city will continue to provide support to enterprises in service, trade, construction, manufacturing, and urban agriculture. So far, a total of 2,241 enterprises have been transformed into medium and high enterprises in 12 rounds.

Source: Ethiopian News June 23, 2023 11:46 UTC