Debre-Berhan city grants license to 260 investors accumulating 38bn Birr capital

Addis Ababa, June 22, 2023 (FBC) – The Department of Industry and Investment of Debre-Berhan City Administration has announced that it has granted investment licenses to 260 investors that registered 38 billion birr capital in the current Ethiopian fiscal year.

The head of the department, Berhan Gebre-Hiwot, told Fana Broadcasting Corporate that these investments will create job opportunities for 22,000 citizens when they go fully operational.

He also stated that 49 of the industries that received investment license earlier in the current fiscal year have completed construction and installations.

Among them, 24 of the industries are ready to go fully operational, the Official confirmed.

He pointed out that there are more than 720 investments in Debre-Berhan city, reminding that more than 545 of them are industries.