The International Day of Micro, Small, and Medium-sized Enterprises (MSMEs) is being celebrated in Mojo town, Oromia region.
The Micro, Small and Medium-sized Enterprises (MSMEs) Day is being celebrated under the theme of "Galvanizing MSMES Worldwide by Supporting Women and Youth Entrepreneurship and Resilient Support Chain."
The event was organized in collaboration with Ethiopian Enterprises Development, Modjo Town Administration, the LISEC Consortium (People in Need, the International Rescue Committee, Solidaridad), and the United Nations Industrial Development Organization (UNIDO).
The day was celebrated with various programs including panel discussion, visiting manufacturing enterprises and planting seedlings.
International Day of Micro, Small and Medium Enterprises is celebrated for the sixth time globally, and for the second time in Ethiopia.
The day was first observed globally in 2017 in Ethiopia, following the United Nations General Assembly declaration of 27 June as Micro, Small and Medium-sized Enterprises (MSME) Day.
The commemoration of day focuses on the contribution by MSMEs to Sustainable Development Goals(SDGs) and the global economy.
The MSMEs have also the potential to transform economies, foster job creation as well as promote equitable economic growth.
According to the UN, MSMEs account for up to 90 percent of businesses, and 60 to 70 percent of employment, accounting for half of the global GDP.
Source: Ethiopian News Agency