Commission to Aid 10,000 SMEs

Mar 6 , 2021

The Jobs Creation Commission has set up a rescue fund to aid 10,000 selected small and medium enterprises across the country. The 4.5-million-dollar fund came from the United Nations Development Programme to mitigate the economic impact of the COVID-19 pandemic. In April 2020, at the onset of the COVID-19 pandemic, the Commission conducted a need assessment on small and medium enterprises. The assessment studied the degree of impact the pandemic could have on small and medium enterprises and suggested rescue funds as a possible solution. The Commission has previously awarded rescue grants to SMEs in Addis Abeba with the support of the Mastercard Foundation. This round of support will be extended to SMEs located in all regional states and city administrations.



They say, "Where there is traffic, there is business." It reflects the colour of Addis Abeba roads and roundabouts. Around Bole, commonly known as the Ring Road, vendors serve tea and snacks underneath a bridge. Owing to these selling methods allow pedestrians and drivers to get the service they need while walking and driving. Despite that, such practice has become a frequent encounter in the heart of the city streets. The most common purpose of a ring road is to reduce traffic volumes in the ur...



Pedestrian walkways around Addis Abeba are growing smaller by the day, competing to gain a foothold in the public spaces. The city, which prides itself as Africa's political and diplomatic capital, becomes a showcase of contrast. Beauty and affluence wrestle destitution and poverty to claim space. Vendors have displayed their second-hand outfits, shoes and luggage for sale on a roundabout in front of the Ministry of Education, up at the Arat Kilo area...



Retired city buses were once converted to bakery outlets retailing bread supplied by ‘Sheger Bakery' during their twilight zone. The city administration had used Anbessa City buses as its retail shops before formal outlets replaced them. Sheger Bakery, touted as the largest bakery and flour factory with the potential of baking two million loaves of bread daily, was to cater for millions of people in Addis Abeba with a subsidized bread supply but failed to live up to expectations. The old city...