PM Meles pledges support to SMEs

Addis Ababa, May 22 (WIC) – Prime Minister Meles Zenawi said that the government would extend its support to small and micro enterprises (SMEs). Some 250 enterprises whose capital exceeded from 1.5 million birr were transferred to medium-scale industries at a ceremony held at the Prime Minister’s office on Friday, May 21, 2011.
 Prime Minister Meles on the occasion said that the government would continue to support SMEs as they are engine of economic growth and employment creation. "The government would also provide all-round supports that match with their levels to those enterprises advanced to medium-scale industry today," he said.
 In addition to creating immense job opportunities, SMEs are foundation for big industries and development investors, the primer said, adding “the enterprises advanced to medium-scale companies today are witnesses for this.”
 
Our country’s economic growth expedited not only by attracting forging investors or by some Ethiopians who accumulated wealth but also by those thousands and millions of citizens who are ready to engage in various work sectors and generate wealth, he said.
 
The economic growth of the country would be more sustainable if graduates of universities and technical and vocational colleges organize themselves and engage in small and micro enterprises (SMEs) rather than waiting for job opportunities, he said.
 
PM Meles finally called on the youth to engage in small and micro enterprises (SMEs).
 
Mayor of Addis Ababa City, Kuma Demekssa, on his part said that the outcomes attained in SMEs sectors are the direct results of the developmental and democratic nature of the Ethiopian government.
 
“Today is a unique day as it coincided with the implementation of the five-year Growth and Transformation Plan (GTP), the Grand Ethiopian Renaissance Dam and the 20th founding anniversary of May 28,” he said.
 
Some 180 model enterprises whose capital surpassed from 500,000 birr were also awarded medals on the occasion.
Source..waltainfo.com