FORTUNE+ VIDEO SPONSORED CONTENTS ADVERTORIALS FORTUNE AUDIO Fortune Careers TRADE AFRICA Election 2026 New TIME REMAINING UNTIL ETHIOPIA’S NATIONAL ELECTION 0Days 0Hours 0Minutes 0Seconds




USAID Extends $60m to Youth Empowerment Programme

Mar 5 , 2022


[ssba-buttons]

The United States Agency for International Development (USAID) has allocated 60 million dollars in funding to a social welfare programme slated to be implemented in 18 cities across Ethiopia. The five-year programme, dubbed "Kefeta", targets to address unemployment and other issues plaguing vulnerable youth in the urban centres, including Addis Abeba. The programme involves the facilitation of access to services like banking, family planning, and healthcare. Officials in charge also plan to establish a youth-led fund to finance startups and encourage entrepreneurship. The programme hopes to reach some 700,000 youth for training in skills such as digital literacy and entrepreneurship by supporting career centres in social and educational institutions. The Kefeta programme was launched last week at a ceremony held at Addis Abeba's Friendship Park. Tracey Jacobson, US ambassador to Ethiopia, and senior government officials such as Ergoge Tesfaye (PhD), minister of Women & Social Affairs, were in attendance.


Radar

Tariff Reform Powers EEP Revenue to 119 Billion Br

Ethiopian Electric Power (EEP) collected 119 billion Br in revenue during the 2025-2026 fiscal year, up 57.8pc from the previous year, while recording a gross profit of 39.5 billion Br. The performance comes as EEP faces public scrutiny over a multi-year electricity tariff reform. EEP achieved 92pc of its 129.8 billion Br revenue target. It attributed the performance to improved revenue collection systems and better coordination, following a period in which the utility operated at a significa...


Radar

ESX Names Yodit Kassa CEO in Leadership Handover

The Ethiopian Securities Exchange (ESX) said on August 7, 2026, that its founding Chief Executive Officer, Tilahun Esmael (PhD), had been replaced by the Chief Operating Officer, Yodit Kassa. ESX credited Tilahun with steering the Exchange from its early project phase into a fully operational securities market. He established its governance, technological and operational foundations while building relationships with regulators, investors and other stakeholders. Yodit and Tilahun have been...


Radar

Enat Bank Enlists Partners to Develop Gender Bond

Enat Bank has entered a four-party partnership to develop what the partners describe as Ethiopia's first private-sector gender bond. The bank signed a memorandum of understanding with FSD Ethiopia, I-Capital Africa Institute and FSD Africa to structure and launch the bond. The partners will collaborate throughout the pre-issuance and post-issuance phases. Their work will cover transaction structuring, framework development, regulatory compliance, investor engagement and post-issuance manageme...