• Launches 2024 Global Entrepreneurship Week
ADDIS ABABA- The Ministry of Labor and Skills (MoLS) revealed that Ethiopia has achieved remarkable progress in entrepreneurship over the past three years, playing a pivotal role in driving the country’s economy while fostering innovation and creativity.
Speaking at the 2024 Global Entrepreneur ship Week (GEW) yesterday, MoLS Minister Muferihat Kamil highlighted the critical role of entrepreneurship as an engine of economic growth and development. She noted that, in addition to creating ample jobs, entrepreneurship has become a cornerstone of Ethiopia’s economic reform agenda.
“Over the past three years, we have placed significant emphasis on creating a conducive ecosystem to enable entrepreneurs and innovators to unlock their potential. Through recent reforms, the sector has achieved remarkable milestones, though much remains to be done to fully harness the potential of entrepreneurship,” Muferihat said.
The minister also underscored the importance of the Entrepreneurship Development Institute (EDI), describing its establishment as a testament to the government’s commitment to empowering entrepreneurs and accelerating economic growth. “We are working tirelessly to alleviate poverty by fostering innovation and supporting Ethiopian entrepreneurs,” she added.
Echoing her sentiments, EDI Chief Executive Officer Hassen Hussein (PhD) stated that entrepreneurship has greatly transformed livelihoods, creating numerous jobs. “Unemployment remains a significant challenge, and the government views entrepreneurship as a key solution to addressing this issue,” he remarked. Innovation and Technology Minister Belete Molla (PhD) also emphasized the transformative power of entrepreneurship.
“This sector is about turning ideas into actionable activities, and it has become a major economic contributor. The GEW serves as a reminder that there are a million opportunities for a million problems, requiring concerted efforts to fully exploit this potential,” he noted.
This year marks the 10th time Ethiopia has celebrated Global Entrepreneurship Week, which offers a platform for the private sector, university students, policymakers, and other stakeholders to discuss the opportunities and challenges facing entrepreneurs. Globally celebrated for the 16th time, the event in Ethiopia is themed “Entrepreneurship is for Everyone,” aiming to boost awareness and inspire hundreds of thousands across the country.
Through initiatives like the GEW and the government’s continued focus on entrepreneurship, Ethiopia is paving the way for a vibrant entrepreneurial ecosystem that fosters innovation, job creation, and sustainable economic development.
BY HAILE DEMEKE
THE ETHIOPIAN HERALD TUESDAY 19 NOVEMBER 2024
