147,000 Ethiopian Youth Benefited from Revolving Fund – GovernmentAugust 31, 2017 - As part of effort to address rampant unemployment among Ethiopian Youth, the Ethiopian government announced that it had managed to benefit 147,000 youths from urban employment opportunities through the Youth Revolving Fund. According Ethiopian News Agency report, Lack of production centers and good governance have hampered other youth from engaging in employment by making use of the fund. Ethiopian Youth and Sports State Minister Habiba Siraj told ENA that close to 2.2 billion birr was released the just concluding Ethiopian budget year from the Youth Revolving Fund and created employment to 147,294 youth in urban areas. Activities are underway to provide technological support that enables the Ethiopian youth to become competitive by producing market-oriented products, she revealed. Technology development centers are being built to implement this specific technology supported production activity by utilizing science and technology, the Ethiopian State Minister elaborated.

Source: Ethiopian News August 31, 2017 16:52 UTC