ED4D was officially launched in Addis Ababa, Ethiopia in June 2019.
Twenty stakeholders attended the event representing the Ethiopian Investment Commission, Federal Job Creation Commission, Federal Urban Job Creation and Food Security Agency, Federal Small and Medium Manufacturing Industries Development Agency, Development Bank of Ethiopia , National Bank of Ethiopia, Commercial Bank of Ethiopia, Ministry of Science and Higher Education and Ministry of Women and Children and Youth, among others.
Mr Mohammed Indris, Deputy Director-General of the Ethiopian Diaspora Agency, opened the event:
“It is critical to ensure effective implementation of this pilot initiative in order to consider it as a flagship project for other upcoming large-scale projects aiming at promoting the role of diaspora towards the development of the private sector as well as expanding employment opportunities in the country.”
Mr Frerik Kampman, Aid and Trade Officer from the Economic Department of the Embassy of the Kingdom of the Netherlands said that “Promoting entrepreneurship via diaspora engagement can contribute to minimizing the unemployment and underemployment pressure in the country of origin.’’
Mrs Frehiwot Tefera, Senior LHD Program Assistant at IOM Ethiopia, stressed the importance of partnership with all relevant stakeholders as one of the critical factors to ensure the success of the project.
Information was also shared among the participants on the currently developed draft national entrepreneurship strategy, an effort being speared by the Ministry of Trade and Industry in collaboration with UNIDO, UNCTAD and other relevant government entities including the newly established Job Creation Commission, under the Prime Minister’s office.
IOM has accordingly been invited to attend the consultations of the technical working group that has been established to spearhead this process, which is believed to have significant contribution in terms of adding value to the deliverables not only under the framework of the ED4D project but also for upcoming initiatives.