Context
Ethiopia’s people and its economy are suffering as a result of domestic conflicts and global crises. This situation is holding back Ethiopia’s wider development and preventing both local and foreign companies from continuing to invest and grow. Creating new jobs is a difficult task.
A special initiative of the German Federal Ministry for Economic Cooperation and Development (BMZ) promotes long-term investments by companies in partner countries such as Ethiopia with the specific aim of supporting young people find work. The objective is to create new, high-quality jobs in Ethiopia – especially for women and in sectors that promote climate action and environmental protection.
Objective
Companies in Ethiopia grow and create new jobs.
Approach
The project supports BMZ’s special initiative in promoting European and African investors, small and medium-sized enterprises (SMEs) and the creation of better conditions in selected economic networks in Ethiopia. These measures are designed to contribute to the creation of new jobs in all parts of the country.
Support –including marketing advice, quality certificates, financing, management courses and short-term training for newly recruited employees – is provided to SMEs with growth potential to assist them in developing new and improved products and services, as well as to access new customers and markets. Business associations and SME clusters also receive support in enhancing the services they provide to businesses.
Last update: June 2023