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.

Source: Ethiopian News May 29, 2023 09:07 UTC