Ethiopian Diaspora Launches Investment Fund for Local Startups

The fund, initiated by Ethiopian professionals abroad, will provide seed capital, mentorship, and global market access to emerging startups in Ethiopia. It focuses on sectors such as agritech, fintech, renewable energy, and healthcare innovation. Organizers explained that the initiative is not only financial but also a bridge to connect diaspora expertise with local talent. The program will include accelerator workshops, networking events, and partnerships with universities to ensure sustainability. Officials highlighted that diaspora contributions are vital to Ethiopia’s economic growth, bringing both capital and knowledge transfer. This fund is expected to empower young entrepreneurs, create jobs, and strengthen Ethiopia’s position in Africa’s digital economy.