Ministry vows to back afflicted SMEs

Ethiopian Ministry of Labor and Skills has begun detailed assessments on the damages of enterprises resulting from the conflict in the northern part of the country, with the severity of the damages to be disclosed as soon as assessments are finalized.
According to the Ministry, the damage is unknown. As a result, the Ministry has formed and sent a team to look into the matter. “We are carrying out an extensive investigation on the damages after which we will provide the necessary assistance required following the analysis,” explained Muferiat Kamil, Minister of Labor and Skill.
As the Ministry said, based on the assessment enterprises will get different supports to re-build their businesses.
The Ministry is working to bring the government, private sector, development partners, and young people together to ensure that all young people are either in education, training, or in employment by 2030.
The Ministry of Labor and Skills has also organized a forum to connect the Ethiopian Diasporas that came home following the Prime Minister’s call to bloom entrepreneurs.
Speaking at the ceremony, Muferiat indicated that the government is conducting different efforts to support the sector including preparing policy. And the Ministry in its part is working with different stake holders and government organizations to develop the sector.
The Diaspora Tech Homecoming: Entrepreneur Pitch and B2B connecting event which was held on January 13, 2022 at Friendship Park with the presence of higher government officials brought together 50 plus selected startups who attended the program briefing participants on their product and service.
In her opening remarks, the Minister of Labor and Skills underlined that it is important to encourage entrepreneurs and keep them engaged. During the ceremony novice entrepreneurs were exposed to potential investors and Diaspora from various countries. Similarly, the Diaspora, esteemed ministers and guests from various institutions visited the works of the youth.