Ethiopia
Follow our discovery journey in Ethiopia and learn more about the diaspora and opportunities for development
Country Objectives
1. Diaspora mapping report
Develop a mapping report to analyze diaspora remittance to Kenya, Ethiopia and Somalia. By identifying how remittance is being allocated in terms of consumption, investment and other areas. The mapping report will be developed to provide better insight to the development sector and other stakeholders in how the diaspora can play a bigger role in supporting SME’’s.
2. Diaspora fundraising pilot
Develop a simple and innovative technology platform for donation/investment by the diaspora and influencers. The fundraising tool will support startups in Kenya for the pilot to demonstrate impact by improving their ability to grow. This activity also includes presenting and implementing a strategy to engage diaspora in Nordic countries. This activity will also demonstrate a strong catalytic effect to show donors that this is a project that drives value for money. After successful results in Kenya this activity will be scaled to Ethiopia and Somalia (Phase 2)
3. Islamic financing solutions
Develop a simple and innovative technology platform within Islamic financing in collaboration with partners to help startups with fundraising, financial inclusion and mobilize resources. After successful results in Kenya this activity will be scaled to Ethiopia and Somalia (Phase 2)
4.Institutional partnership solutions
In dialogue with relevant Swedish Embassies develop a report on potential institutional partnership solutions for each of the partner countries in the full-scale project. Present how coordination and value addition to other similar initiatives can be secured, including programs and partners already receiving Swedish funding
Read the Diaspora Mapping Study
Findings/learnings in Ethiopia - Mapping report
- Ethiopia's diaspora communities are heavily patriotic and driven by a nation-building agenda connected to their country of heritage.
- Due to heavy government regulation on the foreign outflow, there is a need to ensure any initiative has a long-term agenda and potential exit options for the investors.
- Patriotism drives the Ethiopian diaspora communities. They are more likely to support initiatives that generate impact than investment opportunities.
- Ethiopians have in the past participated in initiatives for the common good of Ethiopia and have shown interest in such impact-driven initiatives, as long as there is are transparent processes and they can verify the impact generated.
- During the research process, conflicts broke out in Ethiopia. This greatly overshadowed all other efforts and increased the difficulty of completing the project as many government ministries focused on resolving the political unrest.
- Read more findings in the mapping report by Pangea Trust below
MAPPING REPORT
Validation workshops in Ethiopia
As part of launching Pangea’s mapping report for the diaspora we organized a validation workshop for Ethiopia. The validation workshops included key stakeholders from Ethiopia to discuss the findings of the diaspora report. The report also discusses the perspective of islamic finance with an emphasis on opportunities and challenges.
Our diaspora mapping reports have been captured by several media outlets such as BBC, KTN, amongst others. Here you can access some of our 30+ news articles generated during the inception phase of the Diaspora Investment project
Our focus has been co-creating the solution together with the African diaspora
The development process has been designed as a co-creation process to enable the African diaspora to be involved in the development process. This has been achieved by organizing a series of interviews, roundtable discussion and workshops.
Our Startup Program
