Ethiopia, UNIDO Sign 3.5 Mil Euro Grant Agreement to Support Gov’t Job Creation Efforts

The Ministry of Finance and the United Nations Industrial Development Organization (UNIDO) has today signed a project agreement in Addis Abeba that worth 3.5 million Euro.

State Minister of Finance, Semereta Sewasew and UNIDO Representative and Regional Director, Aurelia Patrizia Calabro signed the project agreement financed by the government of Italy.

The Project, namely “Support to Youth and Women through the Development Products, Services, and Public Private Partnerships”, aimed to support the job creation efforts of the government through improving the institutional capacities to encourage talented youth and women in the area of entrepreneurship.

According to Ministry of Finance, the project will be implemented in two years and implemented with the Ministry of Labor and Skills.

During the signing ceremony, State Minister of Finance Semereta remarked that Ethiopia has untapped potential of job opportunities in various sectors, of which promoting private business and entrepreneurship is among the prime focus of the government.

She added that this project will facilitate the creation of opportunities for the talented Ethiopian youth and women focusing on institutional capacity building through enabling them to provide quality services to the youth and women.

Specifically, the project will contribute to upgrading the designing capacities of entrepreneurs, promoting innovative culture, and strengthening Public Private Partnerships.

Source: Ethiopian News Agency