The following is a readout of events of Advisor to President Ivanka Trump’s official travel in Africa.
Today, Advisor to the President Ivanka Trump, USAID Administrator Mark Green and OPIC Acting President and CEO David Bohigian arrived in Ethiopia for the first international trip since the United States’ launch of the Women’s Global Development and Prosperity Initiative. They met with businesswomen in the coffee and textile industries in Addis Ababa to discuss opportunities and challenges women entrepreneurs face in Ethiopia. They also announced new investment opportunities to support women-run businesses in the country. Tomorrow, the delegation will make a major announcement on OPIC 2X and host an African Women’s Economic Empowerment Dialogue at the United Nations Economic Commission for Africa (UNECA) and have bilateral meetings with the Prime Minister, President and African Union leaders.
Readout of Advisor to the President Ivanka Trump and USAID Administrator Mark Green’s Meeting with Ethiopian Women in Coffee (EWIC) Association Entrepreneurs and Announcement of USAID Loan Guarantee for Azalech Coffee Roasting
Today, Advisor to the President Ivanka Trump, USAID Administrator Mark Green and OPIC Acting President and CEO David Bohigian met with Sara Abera met with businesswomen in the coffee industry at Dumerso Coffee in Addis Ababa to discuss the opportunities and challenges women entrepreneurs face in Ethiopia. During the meeting, Ms. Trump expressed the United States’ support for improving the opportunities for women to start and grow their businesses in Ethiopia. At the conclusion of the meeting, Ms. Trump announced a new W-GDP award of a $260K loan provided by Enat Bank to help Azalech Tesfaye Owner of Azalech Coffee Roasting, Grinding and Packaging to expand her business. The loan was made possible through a joint U.S.- and Swedish- funded loan guarantee program designed to increase access to finance for women entrepreneurs in Ethiopia. The delegation participated in a traditional Ethiopian coffee ceremony. The coffee plant originates from Ethiopia and coffee production is one of the country’s largest industries.
Readout of Advisor to the President Ivanka Trump’s Muya Site Visit in Ethiopia and Announcement of OPIC Financing for Muya
Advisor to the President Ivanka Trump, USAID Administrator Mark Green and OPIC Acting President and CEO David Bohigian met with Sara Abera, the owner of Muya Ethiopia, a leading textile and handicrafts company that got its start through the assistance of USAID. The delegation toured the Muya Ethiopia production facility, met with employees, learned more about Abera’s experiences as a woman entrepreneur in Ethiopia, and heard about the impact of businesses like hers in creating local employment and economic opportunities. Pillar two of W-GDP aims to empower women as entrepreneurs by increasing their access to financing, market opportunities, mentorship and training to establish and grow their businesses. In that spirit, Ms. Trump announced a new W-GDP award to expand the Muya business with the signing of a letter of interest for financing between Muya and OPIC. Muya demonstrates that development assistance can help countries move from aid recipients to trading partners, on their journey to self-reliance.
President Trump signed a National Security Policy Memorandum in the Oval Office last February establishing the United States’ Women’s Global Development and Prosperity Initiative (W-GDP), the first whole of government approach to global women’s economic empowerment, with a goal of empowering 50 million women by 2025. For more information, please visit: www.wgdp.gov