Addis Ababa, Ethiopia (02 April 2023)

The MasterCard Foundation has approved a grant of over 630 million USD for the second phase of its three-year program in Ethiopia, as announced by the Ministry of Labour and Skills (MoLS). The grant will be used to fund various projects aimed at creating job opportunities, providing access to financing, and instilling an entrepreneurial mindset in technical and vocational institutions.

The announcement comes after the MasterCard Foundation Governance Board evaluated programs in Ethiopia for four days. The Minister of MoLS, H.E Muferihat Kamil, expressed her appreciation for the foundation’s efforts and support in promoting education, financial services, and skills development in Ethiopia.

The MasterCard Foundation is committed to creating an inclusive and just world by promoting education, creating job opportunities for youth, and promoting financial inclusion.

Source: FBC


The opinions expresses here in the post "MasterCard Foundation Grants Over 630 Million USD to Boost Job Creation and Entrepreneurship in Ethiopia" are those of the individua's contributor(s) and do not necessarily reflect the views of Business Info Ethiopia , BIE Intelligence PLC, its publisher, editor, or any of its other contributors.


Hanna is an aspiring economist in her final year at Addis Ababa University. She has written hundreds of insightful daily stories, analyses, and features about the Ethiopian economy and beyond.

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