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Ethiopia Formulates Entrepreneurship Strategy

August 10 , 2019

Ethiopia Formulates Entrepreneurship Strategy

The Ministry of Trade & Industry, with the support of the United Nations Industrial Development Organization (UNIDO), has formulated a National Entrepreneurship Strategy. The Strategy aims to design a coherent and consistent approach to promote entrepreneurship, especially in the context of an inclusive and sustainable industrial development. The strategy took international good practices provided by the United Nations Conference on Trade & Investment (UNCTAD) into account. UNIDO, in the implementation of the strategy, is partnering with the Ministry, the Federal Small & Medium Manufacturing Industry Promotion Authority and other stakeholders with funding sourced from Australia, Canada and Italy.

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Ministry Revokes Hundreds of Mining Concessions

The Ministry of Mines has revoked the licenses of 972 for alleged non-compliance with the terms of their exploration and production permits, and involvement in illicit trade.  Among those on the receiving end of the measure is Kefi Gold, a firm that has been conducting gold exploration in the Western Wellega Zone of the Oromia Regional State for over a decade. The 2,000hct exploration area is estimated to hold deposits of close to 50,000Kg of gold. Last week, the National Bank of Ethiopia ap...

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World Bank, Fed Agree on $715m in Funds to Fight Food Insecurity

The World Bank Group and the Ministry of Finance have signed an agreement for 715 million dollars to go towards fighting food insecurity. Most of the financing (600 million dollars) is earmarked for the implementation of a Food Systems Resilience Programme. A third of the amount is in the form of grants, while the balance is credit. An additional 115 million dollars is pledged for improving access to financial services and bolstering economic activity in pastoralist areas. The areas target...

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DISRUPTION HOPEFULS

Youths checkout a booth at the AddisRupt Expo 2022, which was hosted at Safari Hotel on June 25, 2022. The expo focused on technological and entrepreneurial work, showcasing over 20 startups to visitors. The promoters of the expo aimed at connecting startups with investors and was organized by firms such as LinkUp Addis, Profit Marketing and Afromile Trading...

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