OPIC Announces Financing for Muya Ethiopia

Filed under: BUSINESS,HEADLINES |
Photo: U.S. Embassy Ethiopia

Addis Ababa, Ethiopia

April 14, 2019

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.
 
About W-GDP
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

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