Agency plans to execute urban industrial dev’t packages in 825 towns

ADDIS ABABA - The Federal Micro and Small Businesses Development Agency said it has set plans to execute urban and industrial development packages in 825 towns of the country in the coming five years.

Agency Planning and Follow-up Department Head Ahmed Mohamed told ENA that the Ministry of Works and Urban Development has allocated over 24.4 billion birr for the execution of the package.

Ahmed said the package would be executed in Oromia, Amhara, Tigray, Southern Nations, Nationalities and Peoples and Harari states as well as the Addis Ababa and Dire Dawa city administrations.

He said some 6.2 billion birr of the budget would be utilized for micro and small business institutes development.

The package focuses on expanding micro and small businesses, housing development and youth oriented development projects, the head said, adding, the package would create over 1.5 million jobs.

He said in addition to making towns conducive areas for living, the five year urban and industrial development package would have a higher role in reducing unemployment and housing shortage.



(ENA)