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

Liquidity Relief, Reform Pressure Meet as World Bank Prepares Major Budget Support

The World Bank is set to approve a 1.45 billion dollar budget support package for the Ethiopian government on June 25, 2026. The announcement came alongside a high-level consultation at the Ethiopian Skylight Hotel, where leaders from the Ethiopian Chambers of Commerce and Sectoral Associations (ECCSA) met with private sector representatives and the National Council. The package follows an earlier 17 billion dollar credit and summer service support allocation. Bisrate Teshome, senior private...


Radar

Cabinet Approves 502b Birr Budget as City Returns to Federal Subsidy

The Addis Abeba City Cabinet has approved a 502 billion Br budget for the 2026/27 fiscal year, a fiscal plan that marks a return to federal subsidies despite previous claims of municipal self-sufficiency. The budget, now awaiting final ratification by the City Council, incorporates a federal subsidy of less than 250 million Br. This policy reversal follows the 2025/26 mid-year salary revisions for civil servants, implemented to buffer the inflationary impact of the floating Birr on the cost o...


Radar

Global Analytics Meets Local Insight as WAAS Partners With Kantar in Ethiopia Expansion

WAAS International Plc has partnered with global analytics firm Kantar on June 12, 2026, to introduce predictive analytics and consumer tracking tools into the country's corporate market. The collaboration blends Kantar's global methodologies with WAAS's 35-year local data archive to support business leaders operating in a liberalising economy. WAAS Managing Director Efera Busa said the partnership connects global expertise with local context, delivering standardised metrics without losing cu...