Social Enterprises in Ethiopia on the Rise

From ex-prostitutes making jewelry out of bullet casing to drones delivering blood, rising numbers of businesses with a mission to help address social problems are emerging in Ethiopia as the economy opens up. An estimated 55,000 social enterprises operate in Ethiopia, the second-most populous country in Africa and fastest growing economy in the region where about a quarter of 109 million people live below the poverty line, according to the World Bank. But the number of ventures set up to do good is on the rise since Prime Minister Abiy Ahmed came in 18 months ago and vowed to open the economy to private investment, raising hopes of official recognition for the sector and easier access to funds.

SOURCE: VOA

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