📋 Tender Overview
IATI identifier 46002-P-ET-AAZ-002
Country Ethiopia
Sector Agriculture and Rural Development
High 5 Feed Africa
Sovereign / Non-Sovereign Sovereign
Environmental Category [3] Low Risk
Climate Safeguards Categorization [2] Projects may be vulnerable to climate risk.
Gender Marker System Categorization [GEN II] Gender Outcomes
Commitment 32,230,000
Approval Date
22 May 2024
Planned Completion Date
31 Dec 2027
Status: Approved
Project General Description
The Total Project Cost of the AMD4J amount to UA 49.9mln. This is composed of the participations of the Government of Ethiopia with UA 4.67 mln, ADF-16 grant of UA 32.23 million, and UA7.52million from the Development Bank of Ethiopia (DBE) as well as parallel financing from donor resources: the Women Entrepreneurs Finance Initiative (WeFI) trust fund with UA 1.5mln; the Global Center for Adaptation (GCA) with UA 0.23 mln and cofinancing from local participating financial institutions (PFIs) estimated at UA 3.76 mln. To scale up the operation, the Bank is mobilizing additional parallel co-financing from Development partners to fill the gap between the planned ADF-16 resources and the target size of the AMD4J.
Project Objectives
The Project Development Objective (PDO) is to increase the growth and productivity of youth and women led MSMEs in Ethiopia through improved access to finance, business development support, and a strengthened entrepreneurship enabling environment. The AMD4J project can have several positive ripple effects beyond its core objectives, including:(1) Strengthening social cohesion: by promoting inter-ethnic collaboration and inclusive growth, the project can foster unity and understanding among diverse communities. (2) Empowering marginalized groups : by focusing on youth and women, the project can uplift traditionally marginalized groups and offer them greater socio-economic autonomy and leadership opportunities. (3) Enhancing regional stability:economic prosperity and job creation can deter potential recruits from joining extremist groups or engaging in criminal activities. (4) Knowledge spillover: the training, mentorship, and support offered can lead to the proliferation of entrepreneurial knowledge and skills, benefiting even those not directly involved in the project. (5) Stimulating innovation : the influx of financial resources, mentorship, and support can create an environment conducive to innovation and the development of new products, services, or business models. (6) Promoting local products: successful MSMEs can lead to the international recognition of local products, crafts, and arts, enhancing exports and cultural appreciation. These effects can significantly enhance Ethiopia's overall well-being and prosperity.
Beneficiaries
The AMD4J will cater to the youth entrepreneurship population, both male and female, aged between 18 and 35 years. They are the ultimate beneficiaries of the AMD4J program through both its pillars. T
