In a major push to bolster the Micro, Small, and Medium Enterprises (MSMEs) sector in Ethiopia, the Mastercard Foundation and First Consult have announced the launch of a novel initiative dubbed the Micro, Small, and Medium Enterprise Recovery and Resilience (MESMER) Program.
Implemented under the guidance of the Ministry of Labor & Skills, the program aims to support a total of 72,200 informal, start-up, and formal enterprises. Additionally, the program envisions the creation of 410,800 jobs within these enterprises.
The MESMER program, with its budget of $48.9 million, will also disburse funds via partner financial institutions, grants, and soft loans countrywide, focusing primarily on…
