UNDP Blesses Tourism Sector with $18m Fund

Sep 28 , 2019


[ssba-buttons]

The United Nations Development Programme (UNDP) pledged 18 million dollars in financial support for the tourism sector. Pledged on September 26, 2019, the financing was channeled through the Inclusive Tourism Sector Development Project, a project that will be activated before 2023. The project was launched with the presence of Hirut Kassaw (PhD), minister of Culture & Tourism. The project aims at increasing the participation of the stakeholders in the tourism sector in facilitating sectorial development, according to Hirut. "It also targets to increase the participation of women in the labour force and to facilitate the economic development programmes, which in turn benefits the society," she said. UNDP, which has a presence in over 170 countries, has a total of over 100 million dollars in investments in Ethiopia to build long-term peace and enhance the country’s development.


Radar

Ethiopia Unveils Consortium to Insure Millions of Farmers

Ethiopia has launched its Agricultural Insurance Consortium (AICE), pledging to protect three million farmers by 2026. Announced on July 3, 2025, at the Hyatt Regency, the initiative is backed by Pula Advisors and five major Ethiopian insurers. AICE plans to promote climate resilience through insurance bundled with the government's input voucher system. Leveraging AI platforms like Mavuno and PIE, it plans to standardise products, lower costs, and expand coverage to over 200 woredas. With agricu...


Radar

New Coopbank Partnership Targets Youth Economic Empowerment

The Cooperative Bank of Oromia (Coopbank) has signed a strategic agreement with Melka Ethiopia to provide loan services to over 120,000 young men and women nationwide. The partnership plans to promote youth economic empowerment by expanding access to finance and creating jobs, with a strong focus on rural and underserved areas. Both institutions held joint discussions to explore ways to improve youth livelihoods and financial inclusion. By closing access gaps, the partnership is expected to help...


Radar

Ethiopian Netpreneur Program Training Kicks Off

The Ethiopian Netpreneur 2025 Training Program has officially launched its first cohort in Addis Abeba with 64 entrepreneurs beginning their first round of training. Organised by the Global Digital Talent Academy, the initiative plans to empower local business owners, startup founders, and digital sector players with global-level e-commerce skills. At the launch event, Innovation and Technology Minister Belete Mola (PhD) urged participants to leverage the opportunity to build networks and shape...