LI-WAY, Task Moby Create Jobs for Women, Youth

Aug 1 , 2020

A joint effort between companies and nonprofit organisations has begun creating jobs for 765 women and youth who lost jobs due to Novel Coronavirus (COVID-19). Task Moby and Mercy Corps, have launched a COVID-19 pilot response project under the Livelihood Improvement for Women & Youth (LI-WAY). The Swedish International Development Agency (SIDA) financed the project. The institutions will train and deploy the people to engage in plumbing, electrical work, laundry, cleaning, handywork, technical work, baby care and finishing services. The agreement, which was signed on July 1, 2020, will be supported through 3.6 million Br in financial support from SIDA and will last until August 30. The effort has already trained and deployed 290 and 170 individuals, respectively. Selection of the beneficiaries is done by LI-WAY, and Task Moby, a digital service marketplace, is responsible for giving the training, which will be in providing disinfecting services. The training is conducted in collaboration with iss Norway, a Norwegian cleaning service company, and will include equipping participants with tools and disinfection kits. Task Moby will be responsible for deployment through their own digital platform. LI-WAY, a project launched in July 2017, is implemented through a collaboration of Stichting Nederlandele Vrijwillgers (SNV), Mercy Corps, Techno Serve (TNC) and Save the Children International. The project focuses on job creation for a total of 200,000 women and youth in its five years of implementation.


Abyssinia Bank Taps to Digital Loan Solution

The Bank of Abyssinia (BoA) is moving forward to provide banking solutions facilitating microloans. The Bank has hired an Indian-based tech vendor Newgen Software Company, that bagged the international bid on December 22, 2022. Over 10 companies have shown interest in the bid floated by the bank four months ago. The solution provider has committed to completing the project in six months with Yonas Daniel, regional manager for Newgen, and Menbereselassie Gebrekidan, procurement director at Aby...



Bank of Abyssinia rolls out banking services on a truck around Meskel square in the capital. With less than half of Ethiopian adults having access to bank accounts, financial inclusion is a major issue. The central bank revealed in August 2022 that 8,944 commercial bank branches exist in the country. The 30 commercial banks currently in operation offer credit services to less than 400,000 customers charging an average of 17pc interest on asset-backed loans...



Left) Elias Woldu and Mesnbet Shinkute sign a Memorandum of Understanding on behalf of the Ethio-American and Addis Abeba Chamber of Commerce & Sectoral Association, respectively. Some estimates put the number of Ethiopian diaspora living abroad at over two million people, larger than the population of several small nations. Continued economic and political deprivation has forced many to leave the country for better opportunities. While migration to other countries is still high, the number...