TAF Cohort 3 Completes Financial Management Training 🔎🏦 We are proud to announce that the participants of TAF Cohort 3 have completed a comprehensive two-part Financial Management training session, facilitated by industry expert, Mr. Teshager Demissie, ACCA. What Our Participants Mastered: • Financial Statement Acumen: Participants delved into the nuances of Income Statements, Balance Sheets, and Cash Flow statements. They learned how to interpret these crucial documents and apply their insights to daily CEO-level decision-making. • Investor Insights: The training equipped entrepreneurs with the skills to analyze financial metrics from an investor’s perspective, enhancing their ability to attract and engage potential investors. • Performance Management: Attendees learned to use financial statements to manage and measure performance effectively. The training covered setting financial key performance indicators (KPIs), conducting ratio analysis, and providing tools for ongoing business evaluation and optimization. Stay tuned as we continue to share more insights and highlights from the workshop to benefit our broader audience. Follow us for updates and expert tips that can help you refine your financial strategies! #TAF #FinancialManagement #SMEs #Startups #Entrepreneurship #BusinessGrowth #InvestmentReadiness
Innovative Finance Lab Ethiopia
Non-profit Organizations
Empowering Ethiopian SMEs and Startups
About us
Welcome to the Innovative Finance Lab's LinkedIn page! The IFL is a joint initiative between The National Bank of Ethiopia and The United Nations Development Program. Our primary objective is to advance the small and medium-sized enterprise (SME) and startup sector in Ethiopia by promoting access to finance through an innovative and inclusive approach. At the IFL, we believe in bridging the demand and supply financing gap to make finance more accessible to SMEs and startups and driving growth and development in the sector. Our vision is to transform Ethiopia's SME and startup sector by providing access to innovative financing mechanisms and promoting inclusive and sustainable economic growth. Our work is divided into three key components: The Technical Assistance Facility (TAF), The Enterprise Financing Facility (EFF), and The Knowledge Sharing Unit. The TAF provides pre- and post-investment support to SMEs and startups, ensuring their investment readiness. It helps SMEs and startups develop viable business plans, and financial projections, and comply with regulatory requirements. The EFF invests in SMEs and startups that have graduated beyond the level of microfinance but are unable to access traditional financial markets or bank loans due to their size or lack of collateral. The EFF provides risk capital, working capital, and mezzanine financing to SMEs and startups. The Knowledge Sharing Unit plays a pivotal role in building the capacity of the broader ecosystem by advocating for policy and regulatory reforms, conducting research, and promoting market-oriented innovative and inclusive finance solutions for SMEs and the broader digital financial ecosystem. Join us on our mission to transform Ethiopia's SME and startup sector by providing access to innovative financing mechanisms and promoting inclusive and sustainable economic growth.
- Industry
- Non-profit Organizations
- Company size
- 2-10 employees
- Headquarters
- Addis Ababa
- Type
- Nonprofit
Locations
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Primary
Get directions
11th Floor Hibret Bank HQ
Sierra Leonne Street
Addis Ababa , ET
Employees at Innovative Finance Lab Ethiopia
Updates
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Innovative Finance Lab Ethiopia reposted this
UNDP first signed its agreement of cooperation with Ethiopia in February 1981 and works on building the capacity of national institutions to deliver results around climate, environment, governance, and inclusive economy.
Are you a digital start-up based outside #AddisAbaba? We are organising a bootcamp for entrepreneurs and innovators from the regions !!! Selected businesses will receive seed funding at the end of the programme. Partners - Ministry of Labor and Skill- FDRE and Innovative Finance Lab. Deadline for application is 25 October 2024. https://lnkd.in/eWhwiCbB
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Innovative Finance Lab Ethiopia reposted this
FSD Ethiopia is seeking to onboard a consulting firm that will be responsible for developing a comprehensive scoping study on feasible green finance instruments and the potential for issuance of green finance instruments in Ethiopia. This project is a joint collaboration between the Ethiopian Capital Market Authority, FSD Ethiopia, the UNDP Innovative Finance Lab, and FSD Africa. Learn More: https://shorturl.at/qduZT
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Innovative Finance Lab Ethiopia reposted this
UNDP first signed its agreement of cooperation with Ethiopia in February 1981 and works on building the capacity of national institutions to deliver results around climate, environment, governance, and inclusive economy.
We are looking to hire a firm to undertake #bootcamps, #incubation & acceleration programme in #Ethiopia as part of the #African #timbuktoo initiative. The selected firm will collaborate with UNDP in supporting the execution of the key activities of the timbuktoo Manufacturing Tech Accelerator Programme and #timbuktoo Manufacturing Tech Hub, including the following key activities: Activity 1: Implementation of the timbuktoo #Manufacturing Tech Accelerator Programme Activity 2: Management of the timbuktoo Manufacturing Hub (Physical Space and Service Offerings) Deadline 15 October, 10:00 am (New York time) For details and to apply 👉 https://bit.ly/3TGKQ4k
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Inspiring Session at the Innovative Finance Lab yesterday On September 20, 2024, we had the honor of hosting Mr. Teshager Demissie, ACCA, for an engaging financial management workshop. His profound knowledge in accounting, finance, and leadership illuminated the session, empowering group 2 of our 3rd cohort of 25 ambitious CEOs with advanced skills to analyze and interpret financial statements better. The workshop was a tremendous success, providing our participants with essential tools and insights to elevate their businesses to new heights. #TAF #FinancialManagement #Cohort3 #InnovativeFinanceLab
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We are thrilled to partner with HST in organizing the Ethiopian Family Business Forum. We are also proud to have our Director, Dagmawit Shiferaw, participate in the insightful panel discussion. We extend our heartfelt thanks to the organizers and participants for making this event a valuable experience filled with lessons and networking opportunities for family businesses in the country. #HST #IFL #Innovtivefinancelab #Ethiopianfamilybusinessforum
Our esteemed panelists have started a lively conversation on the practice and challenges of Ethiopian family businesses. Follow the dialogue live using the link in the comment! Innovative Finance Lab Ethiopia Dashen Bank Hibret Bank #OmedadGroup Marathon Motor Engineering Horra Trading Addis Ababa Chamber of Commerce and Sectoral Associations #GhionGas Arts TV - African Renaissance Television Service Inc.
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Innovative Finance Lab Ethiopia reposted this
Unlock Innovation with the Ethiopian Capital Market Authority Regulatory Sandbox! Are you a start-up, fintech, or established institution looking to bring your financial market innovations to life? We presents a game-changing opportunity with its Regulatory Sandbox—a secure, controlled environment where you can test your innovative products, services, or business models with real consumers while benefiting from regulatory flexibility. Why should you apply? - Regulatory Support: Navigate Ethiopia’s financial regulations with direct assistance from ECMA. - Fast-Track to Market: Accelerate your product’s journey from concept to reality with our tailored guidance. - Consumer Confidence: Showcase that your product is tested and trusted, boosting credibility with customers and investors. Deadline for applications: September 30th, 2024. Whether you're a licensed firm, unlicensed start-up, or technology provider, the Sandbox offers a unique path to growth, innovation, and regulatory alignment. Don’t miss out on this opportunity to be at the forefront of Ethiopia's financial revolution! 🔗 Apply today and be part of shaping the future of finance in Ethiopia: Visit our website ecma.gov.et or email us at regulatorysandbox@ecma.gov.et for more details. Innovative Finance Lab Ethiopia #Innovation #Fintech #FinancialInclusion #Ethiopia #CapitalMarkets #RegulatorySandbox #Startups #Growth
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Yesterday, August 29th, the Ethiopian Capital Market Authority officially launched its first-ever Regulatory Sandbox! 🔎 This sandbox is more than just a testing ground—it’s a launchpad for the future of Ethiopia’s financial markets, offering innovators a unique space to develop and refine groundbreaking financial products and services The Innovative Finance Lab Ethiopia extend our heartfelt congratulations to ECMA on this significant achievement and commend to M-Pensa Impact & Development Services for their invaluable support in bringing this vision to life. Innovators, this is your moment! We urge you to seize this opportunity and apply to participate in the sandbox. ⏰ Applications are open until September 30th, 2024 #Finance #Innovation #Ethiopia #ECMASandbox #CapitalMarkets”
The Ethiopian Capital Markets Authority (ECMA) is now accepting applications for the Ethiopian Capital Market Regulatory Sandbox! Today marks a significant milestone in the Ethiopian financial landscape as we officially launched the Ethiopian Capital Market Regulatory Sandbox! The launch event, held at the Sheraton Addis Hotel, showcased the potential of the Sandbox to transform Ethiopia's financial sector. This initiative provides a controlled environment for FinTechs, SMEs, startups, and other innovative enterprises to test and refine new capital market products and services. During the event, we walked through the application process and conducted a live demo of the platform. Our Director General, Ms. Hanna Tehelku, emphasized, "This initiative is a critical part of our broader strategy to build a financial ecosystem that is capable of supporting Ethiopia’s long-term capital market growth." She also engaged with the media, taking questions and highlighting the Sandbox's role in fostering innovation and economic development. The application window for the Sandbox is now open and will remain so until September 30, 2024. This is a unique opportunity to contribute to the modernization of Ethiopia’s financial market. Innovative Finance Lab Ethiopia UNDP Ethiopia Follow the link for applications https://lnkd.in/eCt4uAVm
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📣 The ECMA Regularly Sandbox will be officially launched tomorrow morning at at Sheraton Addis Hotel. Attend to learn about what this groundbreaking initiative has in store!
You’re Invited! Join us at the Official Launch of the Ethiopian Capital Market Regulatory Sandbox hosted by the Ethiopian Capital Market Authority. Be part of this groundbreaking event that marks a new era in Ethiopia’s financial landscape. Date: Thursday, August 29th, 2024 Time: 9:30 AM - 12:00 PM Venue: Sheraton Addis Hotel, Lalibela Hall
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📣 The launch of the Ethiopian Capital Market Authority’s regulatory sandbox is set to revolutionize our capital markets, paving the way for innovative financial solutions and groundbreaking technologies. UNDP Ethiopia’s Innovative Finance Lab Ethiopia is proud to support the ECMA in this transformative initiative. As highlighted by Tizita Shewaferaw in Addis Fortune, this sandbox isn’t just a testing ground—it’s a gateway to the future of finance in Ethiopia. 🏦 If you are a potential capital market service provider with an innovative product or service this is your moment to explore new opportunities and drive growth in the evolving financial market. Check out the full article to see how this initiative could shape the future of finance. Stay connected for more updates as we continue this exciting journey! #InnovationInAction #CapitalMarkets #RegulatorySandbox #UNDP #IFL #Ethiopia
Please check out this insightful article on Addis Fortune written by Tizita Shewaferaw to understand the intricacies and advantages of a regulatory sandbox. ECMA is committed to supporting innovative products and services within the capital market sphere. Stay Tuned for more......