Dr. Alebachew Nigussie, Director General of EED
“The project has recorded performance beyond its initial targets!”
Dr. Alebachew Nigussie, Director General of EED
Addis Ababa, August 39, 2025 (EED)-Marking the successful completion of the SME Finance Project, Ethiopian Enterprise Development (EED) presented a comprehensive report summarizing the overall achievements of the project.
Speaking on the occasion, Dr. Alebachew Nigussie, Director General of EED, stated that an independent assessment conducted by the Ethiopian Policy Studies Institute confirmed that the project had achieved results beyond the targets set at its inception.
He explained that through coordinated collaboration with various stakeholders, the project was able to strengthen capital goods leasing companies by building their capacity, bridge technical skill gaps, improve product quality, competitiveness, and market performance, and introduce to Ethiopia a new, innovative financing mechanism that has proven responsive to the challenges of small and medium manufacturing enterprises.
Dr. Alebachew emphasized that these achievements are the outcome of strong institutional collaboration and joint effort. He also reaffirmed that the provision of machine lease financing, working capital loans, and business development services (BDS) will continue without interruption, while preparations for anew alternative project are already underway to further strengthen and scale up the results.
The closing event also featured reflections and discussions on the experiences, challenges, and lessons learned from the SME Finance Project.
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