Saturday, April 13, 2024

Global Innovation Catalyst wants half a million job opportunities for Ethiopians


Global Innovation Catalyst, an advisory services firm connecting countries in the AMENA (Asia, Middle East and North Africa) region is to provide over 10 million innovative job drives in the world by providing the resources needed to stimulate job creation, high-tech entrepreneurship, and innovation-focused economic growth.
The company plans to provide five million innovative job drives for Africa which half a million goes to Ethiopia’s innovation efforts, which means about 10 percent of Africa’s allocation.
Kamrhan Elhan, founder and CEO of Silicon Valley based Global Innovation Catalyst, met with Getahun Mekria, Ministry of Innovation in Addis on May 22 to discuss the issue of supporting Ethiopian innovation.
According to the founder and CEO of the company, Global Innovation Catalysts provide the finance and training supports that were designed to be implemented globally for the next 10 years.
“Ethiopia gets the highest share from this initiative to get training and financial support for half a million youth,” Elhan said.
“The opportunities will be given primarily for university graduates to engage in tech based employment opportunities,” said Getahun.
The company is closely working with the UN, World Bank Group and universities to create tech based job opportunities worldwide.
The initiatives should begin next Ethiopian New Year in collaboration with Stanford University.
Many partners such as the UN show their support for Ethiopia’s effort in innovation and technology by providing technical, knowledge, as well as advisory support.
Ethiopia is the 122nd most competitive nation in the world out of 140 countries ranked in the 2018 edition of the Global Competitiveness Report published by the World Economic Forum, which measures the capacity of a country to innovate, including education and infrastructure, and the outputs of the economy in terms of scientific and creative output. Competitiveness Rank in Ethiopia averaged 118.33 from 2007 until 2018, reaching an all time high of 127 in 2014 and a record low of 106 in 2012.

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