More than 8,000 formal businesses have received 895 million Br in the form of soft loans as part of the Mastercard Foundation's Micro & Small Enterprises COVID-19 Resilience Facility. Awash and Dashen banks served as disbursement institutions for the project, which aims to circumvent the effects of the COVID-19 pandemic on small businesses. It was kicked off last year in collaboration with the Jobs Creation Commission and First Consult. In addition, 2,000 informal businesses, 80pc of which are owned by women, have been provided with a total of 24 million Br in the form of grants. Over 300,000 jobs were lost due to the pandemic in 2020 alone, according to the Jobs Commission. Two years ago, Mastercard Foundation launched a 300 million dollars initiative, dubbed Young Africa Works in Ethiopia, that aims to create employment opportunities for the youth in partnership with the Commission.
October 9 , 2021
Public offices have been having a field day in the past few years. From the Prime Min...
October 2 , 2021
Ethiopia`s Parliament will pick up a Prime Minister on Monday, October 4, 2021. The i...
September 26 , 2021
There are two editions of The Economist on Africa influenced by the narrative on the...
September 18 , 2021
It could be customary to wish well for the holiday seasons. If only the New Year cele...
August 28 , 2021 . By HAWI DADHI
The streets of Addis Abeba are as varied as they are many, although too many of them have yet to be named. From the narrow alleyways of the...
August 7 , 2021
There are a few without an opinion on Ethiopia’s federal structure, which is arranged along lingo-cultu...
July 24 , 2021
There was an alarming increase in the price of Teffin August 2017. It suddenly skyrocketed from 2,000 Br...
June 26 , 2021 . By HAWI DADHI and SAMUEL BOGALE
This past Monday was the second time Belay Zerihun, a second-time voter, has had to stand in a long queue...
