US Supports Women Entrepreneurialism

Dec 24 , 2022


Indiana, Debre Markos, and Bahir Dar universities joined to host a workshop last week, funded with a 600,000 dollars grant from the US. Women from Bahir Dar and Debre Markos universities have participated in the workshop focusing on entrepreneurship geared towards empowerment. The US has a global effort to expand women entrepreneurs, with the Ethiopian project kicking off on international women's entrepreneurship day on November 22, 2022. Last year a 10,000 dollar grant from the US was awarded to four projects that offered outstanding prospects. Lifting Up Young Female Entrepreneurs (LIFYE), which aims to empower women to have their career paths, and Partnership in Business Entrepreneurship and Leadership Transformation (PIMBLET) were the two initiatives launched last week with aims to establish new business incubation centres and survey the entrepreneurship landscape in Bahir Dar city, the seat of the Amhara Regional State. The Academy of Women Entrepreneurs (AWE) will train women from Jima, Addis Abeba, and Dire Dewa cities using a US State Department tool - Dream Builder.


Radar

Coffee Exports Bring in $1.5B in Third Quarter

Ethiopia has earned 1.5 billion dollars from coffee exports over the nine months of the fiscal year. The country had set a target to earn a little over a billion dollars by exporting 201,959tns of coffee during the same period. According to Adugna Debella (PhD), director general of the Ethiopian Coffee & Tea Authority, the export strategy continues to focus on major international markets, with the top 10 destinations, including Saudi Arabia, Germany, and the United States (SU), accounting...


Radar

Central Bank Holds Fourth Exchange Auction

The National Bank of Ethiopia(NBE) sold one dollar for 131.4961 birr in its recent auction. It was reported that 26 banks participated in this auction, which took place last week on Thursday. In a statement issued by the National Bank  following the auction, it was indicated that 70 million dollars was offered for the event. Subsequently, it was reported that 96 pc of the foreign exchange needs of the participating banks were met. In the previous auction, held 15 days ago, the bank had of...


Radar

City Registers 64,075 Births in Fiscal Year

The city has exceeded its birth registration target for the first nine months of the fiscal year, registering 64,075 children—71.15pc more than the set goal of 58,342. This success, with a registration coverage rate of 109.63pc, is largely attributed to the efficiency of the one-centre birth registration service system, which has been rolled out across health centres and courts. The total number of vital events registered, including births, adoptions, marriages, divorces, and deaths, reache...