FORTUNE+ VIDEO SPONSORED CONTENTS ADVERTORIALS FORTUNE AUDIO Fortune Careers TRADE AFRICA Election 2026 New TIME REMAINING UNTIL ETHIOPIA’S NATIONAL ELECTION 0Days 0Hours 0Minutes 0Seconds




USAID Extends $60m to Youth Empowerment Programme

Mar 5 , 2022


[ssba-buttons]

The United States Agency for International Development (USAID) has allocated 60 million dollars in funding to a social welfare programme slated to be implemented in 18 cities across Ethiopia. The five-year programme, dubbed "Kefeta", targets to address unemployment and other issues plaguing vulnerable youth in the urban centres, including Addis Abeba. The programme involves the facilitation of access to services like banking, family planning, and healthcare. Officials in charge also plan to establish a youth-led fund to finance startups and encourage entrepreneurship. The programme hopes to reach some 700,000 youth for training in skills such as digital literacy and entrepreneurship by supporting career centres in social and educational institutions. The Kefeta programme was launched last week at a ceremony held at Addis Abeba's Friendship Park. Tracey Jacobson, US ambassador to Ethiopia, and senior government officials such as Ergoge Tesfaye (PhD), minister of Women & Social Affairs, were in attendance.


Radar

Coffee Export Platform Links Ethiopian Roasters with Overseas Consumers

Ethiopian coffee roasters have gained a direct route to international consumers through a multi-brand e-commerce export platform launched by DHL Express Ethiopia and EXM Global PLC. The companies say it is the first platform of its kind in Ethiopia. Bringing together 10 Ethiopian coffee brands in a single digital marketplace, the platform enables overseas customers to order freshly roasted coffee in quantities ranging from speciality retail purchases to larger commercial volumes. DHL Express...


Radar

Addis Abeba Clears 59Km of Rivers, Remains Short of Halfway

Addis Abeba has completed 59Km of river cleanup and development work, although total coverage has yet to reach 50pc. Mayor Adanech Abebe said the 59Km stretch was transformed in one and a half years as she presented a comprehensive review of the city's strategic plan from 2022 to 2026. Mayor Abebe described the progress as a major "breakthrough", saying the work relied entirely on the city's funding, engineers, architects and workers. By comparison, she said, a world-renowned foreign contract...


Radar

Kisse Platform Brings Collateral-Free Microloans Through Agent Network

Mefithe Microfinance S.C., MZ Tech, and Arifpay Financial Technologies S.C. have launched “Kisse”, an agent-powered digital microloan platform designed to expand access to finance for micro and small enterprises. Through trained local agents, borrowers can apply for collateral-free, short-term business loans. Once approved, the funds are transferred to mobile wallets or bank accounts through Arifpay's payment gateway. The partners said loans can be disbursed within hours. Under the par...