ADDIS ABABA (Ministry of Finance) – The Ministry of Finance (Ethiopia) and the United Nations Industrial Development Organization (UNIDO) signed a project in Addis Ababa worth 3.5 million Euros, financed by the government of Italy.
The project, titled “Support to Youth and Women through the Development of Products, Services, and Public Private Partnerships,” aims to support the government’s job creation efforts by enhancing institutional capacities to encourage talented youth and women to pursue entrepreneurship. The project will be implemented over two years and carried out in collaboration with the Ministry of Labor and Skills (MoLS).
During the signing ceremony, State Minister of Finance Semereta Sewasew emphasized that Ethiopia possesses untapped job opportunities in various sectors, with a particular focus on promoting private business and entrepreneurship.
She further noted that this project will facilitate the creation of opportunities for talented Ethiopian youth and women, concentrating on building institutional capacities to enable them to provide high-quality services. Specifically, the project will contribute to upgrading the design capacities of entrepreneurs, fostering an innovative culture, and strengthening Public Private Partnerships (PPPs).
The project document was signed by H.E. Semereta Sewasew, State Minister of MoF, and Ms. Aurelia Patrizia Calabro, UNIDO Representative and Regional Director.
About UNIDO
UNIDO is a specialized agency of the United Nations with a unique mandate to promote, dynamize and accelerate industrial development.
UNIDO provides support to its 171 Member States through four mandated functions: technical cooperation; action-oriented research and policy-advisory services; normative standards-related activities; and fostering partnerships for knowledge and technology transfer.
UNIDO’s work is concentrated on three focus areas: ending hunger by helping businesses from farm to fork; stopping climate breakdown by using renewable energy and energy efficiency to reduce industrial greenhouse gas emissions; and supporting sustainable supply chains so that developing country producers get a fair deal and scarce resources are preserved.
Source: Ministry of Finance