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Eleni Tsegaye

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Name: Eleni Tsegaye

Education: BA in Teaching

Company Name: Eleni tutor

Title: Owner

Founded in: 2019

What it does: Give private lessons for primary students

HQ: Addis Ababa

Number of Employees: 1

Startup Capital: One Birr

Current capital: Growing

Reasons for starting the business: To have an additional income

Biggest perk of ownership: Mind satisfaction

Biggest strength: Tolerates people

Biggest challenging: Office space

Plan: To create a big institution

Fist Career: Teacher

Most interested in meeting: Elon Musk

Most admired person: My father

Stress reducer: Crying

Favorite past time: Spending time with my family

Favorite book: I can’t make this up, Kevin Hart

Favorite destination: Canada

Favorite automobile: Ferrari

ECA launches Price Watch Centre for Africa

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The United Nations Economic Commission for Africa (ECA) has launched a first-of-its-kind continental tool that offers a unique view of price variations in African countries, regional economic communities and at continental level.
During the virtual launch on 11 August 2020, ECA Executive Secretary, Vera Songwe, noted that the role of national statistics offices and national revenue authorities in ensuring that this platform has timely, accurate & up-to-date data will be crucial.
She cautioned that the “lack of price data to enable us monitor, analyse and manage economies through informed policy decisions has often led to civil unrests” because when prices of things like food, oil, and energy go up, “people take to the streets.”
The initiative intends, therefore, to bring the prices and exchange rates of all African countries into one platform that’s readily accessible to citizens, decision makers and other stakeholders. The platform will involve monthly, quarterly and annual analyses of inflation.
The launch was chaired by Ghana’s Vice President, Mahamudu Bawumia, who applauded ECA for the initiative, stating “this one-stop-shop for finding data” will go a long way to “increase ECA’s relevance in Africa.”
“We need data on price movements to gauge how changes in consumer prices alone may be affecting the trends in income distribution, poverty levels and inequalities, including especially among those who live on retirement incomes,” said Bawumia.
He pointed out that “as we open the doors to continental free trade, price level data will enable across-country comparisons and understanding of regional markets and the competitiveness of producers across Africa.”

Secondary Education should prepare young people for work, says new report

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The Mastercard Foundation released a new report, Secondary Education in Africa: Preparing Youth for the Future of Work. Report findings indicate that changes in the nature of work are placing a premium on skills that help young people be adaptable, resilient, and creative problem solvers. Secondary education that provides relevant skills to young workers will help improve productivity, particularly in the informal sector, and will play an important role in driving long-term economic growth and reducing poverty in Africa.
“Digitization, automation, and technological advancements are already changing the nature of work in Africa. Young people must enter the workforce from secondary education equipped with the right skills. So, strategic investments into secondary education can be a big part of ensuring young people and their countries emerge from the other side of COVID-19 stronger and more inclusive,” said Mastercard Foundation President and CEO Reeta Roy, as she welcomed audiences to the Secondary Education in Africa Virtual Summit held earlier today to discuss the report findings.
Across the continent, the youth population is growing and is expected to reach 456 million by 2050. This growth, along with improvements in the number of young people enrolling in, and completing, primary education is increasing the demand for secondary education. Enrolment is expected to double by 2030, representing an additional 46 million students at the secondary level over the next 10 years. This in turn requires an expansion in the education workforce. Over the next 10 years, an additional 10.8 million teachers will be needed. Ensuring high-quality teachers are in classrooms is one of the most strategic investments a country can make to enable all students to develop the skills they will need for work and as citizens of a global world.

 Chinese Government Donates COVID-19 Prevention Items to the Office of the First Lady of Ethiopia

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Tan Jian, the Chinese Ambassador to Ethiopia, on behalf of Prof. Peng Liyuan, wife of the Chinese President Xi Jinping, handed over COVID-19 prevention items including facial masks and infrared thermometers to the office of the First Lady of Ethiopia in a bid to help the host country’s effort to combat the pandemic.

Amb. Tan expressed appreciation of the solidarity and support to the Chinese people given by many African countries, particularly Ethiopia, at the most difficult time when China was hit the hardest by the COVID-19. He noted that as a token of friendship between the Chinese people and their African brothers and sisters, the Chinese government has decided to donate medical supplies to help mothers, children and young people through the Office of the First Lady.

Muluken Fenta, Director of Ethiopia’s First Lady Office, expressed thanks for the generous donation by the Chinese government. “As the first country to successfully control the spread of the pandemic, China sets an exemplary role of standing together with Africa to combat the COVID-19 virus and has made great contribution to the prevention and control of the pandemic in Ethiopia,” he said during the ceremony.

It is learnt that earlier this year, Madame Antoinette Sassou, the First Lady of the Republic of Congo, President of the Organization of African First Ladies for Development(OAFLAD), wrote a letter to Prof. Peng Liyuan on behalf of the OAFLAD and asked for China’s attention to mothers and children and young people in Africa.

Prof. Peng, accompanied President Xi on his first visit to Africa as Chinese President in March 2013, has carried out a lot of cooperation with OAFLAD since then under the framework of FOCAC.

OAFLAD is an organization where First Ladies of Africa seek to leverage their unique position to promote African women and youth empowerment.