Human Dynamics is proud to announce that we have been awarded a one-year cost-extension to our highly successful project: “Transformation Triggering Facility” in Ethiopia. This project started in December 2013 and will now continue until August 2019 with an additional budget of €1,008,600. This brings the total budget to €5.6 million.
The TTF seeks to support the competitiveness of companies in priority sectors. This includes targeted grants to develop forward market and backward supplier linkages in areas that can serve as example and model for others to follow. It entails financing solutions to fix breakdowns and gaps that prevent vertical integration and value adding in Ethiopia. The provision of grants relies on detailed risk assessment and careful monitoring to ensure that expected outcomes are achieved. We have been providing assistance to four main areas: boosting Small and Medium Enterprises; enhancing business skills; developing a 'hub concept' for several areas where Ethiopia has a competitive advantage (particularly Aviation and Medical hub); and broad capacity building and fine-tuning.
A dedicated team of four key-experts assisted by a solid pool of NKEs will continue assisting in transforming the Ethiopian economy in very diverse fields, as well as very focused interventions in economic sectors such as textiles and meat processing. Specific activities include: