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Two Donors Team Up to Create Jobs

April 17 , 2020

Two Donors Team Up to Create Jobs

Korea’s International Cooperation Agency (KOICA) and the United Nations Development Programme (UNDP) have agreed to support the creation of jobs in Ethiopia, where urban unemployment is at 19pc and 25pc among the youth. The agreement was signed between Dong Ho Kim, country director for KOICA, and Turhan Saleh, UNDP resident representative, in April 2020. The agreement includes 3.3 million dollars from KOICA and a one-million-dollar contribution from UNDP to launch a five-year project focusing on supporting ICT-based business start-ups and SMEs. The project will also facilitate loan guarantee schemes for ICT based start-ups and SMEs to address their financial needs. Previously, UNDP launched the entrepreneurship development programme in 2013 in partnership with the Ministry of Urban Development & Housing and trained over 90,000 entrepreneurs and 32,000 SMEs in the country.

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Leather Industry Struggles to Meet Expectations

The struggling leather industry managed a little over 33 million dollars in export earnings over the first 10 months of the financial year. It is less than half of officials' aspirations to generate 69 million dollars over the same period, and highlights the troubles faced by the industry over the past few years. Exports from finished leather goods plunged 72pc last year from three years ago. Only eight finished leather manufacturers accounted for 89pc of last year's export earnings, sh...

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Corporation Calls on Suppliers for 200,000tn Sugar Procurement

Executives of the Ethiopian Sugar Corporation have taken steps to procure 200,000tn of sugar from international suppliers. The Corporation had invited shortlisted companies to submit offers, after an attempt to procure the sugar through an international tender went awry. However, officials at the Ministry of Finance instructed its executives to scrap the invitation and proceed to float a second bid. The shortlisted suppliers have also been invited to take part in the bidding process. T...

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Youth in the National Theatre area are waiting for the bus to start moving. They have found a handle to grab and accelerate them ones its starts moving as they ride their skateboard. Although skateboarding is nearly unheard of in Ethiopia, over the past few years, young people have developed a taste for it. Safety, though, leaves a lot to be desired...

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