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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