Addis Abeba Chamber of Commerce and Sectoral Associations (AACCSA) disclosed that it has launched a start-up incubation center with an aim of bolstering entrepreneurial culture.
Shibeshi Betemariam, Secretary General of AACCSA said that the start-up incubation center has been inaugurated with the objective to promote entrepreneurship in Ethiopia and embolden competition among start-ups.
“We have already allocated a fund of 29 million Birr budget to address 500 start-up entrepreneurs in 4 years,” Shibeshi told Origins Business.
For the first year activities of the center, 5 million Birr has been allocated.