Addis Ababa, December 26, 2025 (ENA)—Deputy Prime Minister Temesgen Tiruneh highlighted the significance of entrepreneurship as a central pillar in Ethiopia’s economic development strategy. He emphasized that under the prosperity Agenda, entrepreneurship aligned with the Digital Ethiopia 2030 initiative is positioned as a key driver for achieving sustainable and accelerated economic growth through widespread job creation.
A New Policy for Economic Transformation
The Ethiopian government has introduced a new Entrepreneurship Policy aimed at fostering job creation and digital innovation. Deputy Prime Minister Temesgen Tiruneh shared his insights on X, stating, “Today, we convened an online consultation with members of the Digital Council to deliberate on the draft Entrepreneurship Development Policy.”
This policy seeks to ignite an inclusive national entrepreneurship movement that promotes digital innovation and competitiveness in line with the goals of the Digital Ethiopia 2030 initiative. According to Temesgen, the policy framework will play a pivotal role in guiding the development of Ethiopia’s entrepreneurship ecosystem and strengthening national job creation strategies.
Building a Supportive Ecosystem
Temesgen noted that the policy is expected to reinforce shared mindsets, beliefs, and behaviors that are essential for a thriving entrepreneurial environment. He added that stakeholders reached a consensus on the necessity of establishing a consistent and robust monitoring and evaluation system at all levels of implementation.
Such a system will be critical for identifying strengths and gaps throughout the implementation process and for ensuring that the policy achieves its intended outcomes, he elaborated. The deputy premier also mentioned that following extensive deliberations on the draft Entrepreneurship Development Policy, it was agreed to submit the document to the Council of Ministers for approval.
Empowering Entrepreneurs for National Growth
The Deputy PM further explained that Ethiopia’s digitally driven prosperity will be powered by entrepreneurs who create jobs, deliver solutions, and generate wealth across all sectors of the economy. This represents a transformative step toward realizing that vision.
The new policy aims to provide a comprehensive roadmap for supporting entrepreneurs, including access to funding, training, and mentorship programs. It also emphasizes the importance of leveraging digital technologies to enhance productivity and efficiency in various industries.
Key Components of the Policy
Some of the key components of the new Entrepreneurship Development Policy include:
- Enhanced Access to Finance: The policy proposes the establishment of financial instruments and support mechanisms to help entrepreneurs secure the necessary capital to start and grow their businesses.
- Capacity Building: It includes initiatives for training and education to equip aspiring entrepreneurs with the skills and knowledge needed to succeed in the digital economy.
- Digital Infrastructure Development: The policy highlights the need for improved digital infrastructure to support the growth of tech-based enterprises and facilitate e-commerce.
- Public-Private Partnerships: Encouraging collaboration between the government and private sector to create an enabling environment for entrepreneurship.
- Monitoring and Evaluation: The policy outlines the importance of continuous assessment to ensure that the initiatives are effective and impactful.
Looking Ahead
With the approval of the Entrepreneurship Development Policy, Ethiopia is taking a significant step towards building a resilient and innovative economy. The focus on digital transformation and entrepreneurship is expected to drive long-term economic growth and create numerous employment opportunities.
As the country moves forward, the success of this policy will depend on the commitment of all stakeholders, including government agencies, private sector entities, and civil society organizations. By working together, Ethiopia can harness the power of entrepreneurship to achieve its vision of a prosperous and digitally advanced nation.
