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.


Ministry Secures $86m Grants

An 86.18 million dollar grant agreement was signed between the Ministry of Finance, UNICEF and UNFPA last week to support the agencies' ongoing country programs for the fiscal year. Out of the total grant, UNICEF committed 70 million dollars to support its water, nutrition, education, health, sanitation, child protection, and gender projects. Meanwhile, UNFPA pledged 16.1 million dollars for family planning, maternal health, adolescent and youth development, and gender equality and women empo...


Authority Reports Fuel Import Stats

Ethiopian Petroleum & Energy Authority (EPA) disclosed that 3.2 million tons of fuel were imported into the country during the last fiscal year. The figure includes 2.04 million tons of diesel and 767,672tns of benzene. In the past fiscal year, the digital payment system, Telebirr, facilitated transactions totalling 103 million volumes worth 61.8 billion Br. Of these transactions, 81.39pc were for diesel, while 17.82pc were for benzene. The number of fuel stations increased from 682 to...


Commercial Bank Collects $3.2b in Foreign Currency

The Commercial Bank of Ethiopia (CBE) announced robust performance in foreign currency collection for the past fiscal year, achieving 3.2 billion dollars in total mobilisation. This includes 2.07 billion dollars in remittances, with the Bank's Diaspora banking service and CBE Birr contributing 89.9 million dollars to the total. The performance details were shared during CBE's annual review meeting last week. "This achievement is particularly gratifying given the challenging economic climat...