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Our Jobs Scorecard, Ethiopia's First Jobs Summit

By Erin O'connor | Tue Nov 05 2019
On October 31, 2019, RENEW was invited to attend the first Jobs Summit in Addis Ababa, hosted by the Jobs Creation Commission of Ethiopia. The Jobs Creation Commission highlights the commitment that the government, the private sector and development partners have in steering Ethiopia towards higher numbers of sustainable jobs, especially those for women and youth. Their goal is to help bridge the unemployment gap in Ethiopia by creating 20 million jobs in the country by 2030.
During the Jobs Summit, the Commission presented its Plan of Action for Job Creation and the 2019 State of Jobs Report. The presentation recognized the potential that small and medium enterprises (SMEs) have to be huge drivers of job creation and growth, citing an increase of support to those working in that sector.
We can all be proud that as of June 30, 2019, through the investments made by RENEW and the Impact Angel Network, we have created 1,487 jobs and helped sustain an additional 2,229; we have also supported 1,792 jobs through our training to companies in The Exec’s Program, for a total of 5,464 jobs created or sustained through our work in Ethiopia.**
RENEW is committed to working with the Jobs Creation Commission, development partners and other stakeholders to help achieve Ethiopia’s goal of 20 million jobs. Be sure to visit the Commission’s website to learn more about their initiatives.
Read more about RENEW’s efforts related to job creation:
The data for portfolio jobs is current as of June 30, 2019. Data is preliminary and has not been audited. The data includes figures for investments that were exited during Q2 2019and is based on a high-water mark. The data for The Exec’s Program is current as of September 30, 2019.
Renew Capital is an Africa-focused impact investment firm that backs innovative companies with high-growth potential. Renew Capital manages investments made on behalf of the Renew Capital Angels, a global network of angel investors, foundations and family offices who seek financial returns and sustainable social impact. For the latest on investing in Africa, subscribe and follow us at our social links below.

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