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EBRD opens regional office in western Uzbekistan

EBRD, EU and South Korea support online fashion venture in Jordan

EBRD, EU and South Korea support online fashion venture in Jordan EBRD and donors help SitatByoot entrepreneur launch custom clothing revolution Makesy Jordan-based entrepreneur Saeed Omar recently created a unique online fashion app called Makesy. Building on the success of his other business SitatByoot, Makesy allows shoppers to create customisable, made-to-order clothing designs that are manufactured by the existing SitatByoot workforce. Founded in Jordan, SitatByoot (a play on the words ‘sit-at’ in English and ‘home’ in Arabic) educates and hires artisan garment makers across the country. The company provides sustainable employment opportunities in the local community, empowering a women-driven workforce, usually from low-income backgrounds, tapping into an otherwise latent labour market.

EBRD newsletter - Friday 30 April

EBRD newsletter - Friday 30 April EBRD “baby” UiPath smashes Wall Street The Romanian software company UiPath broke records this week with the most successful listing on the New York Stock since Spotify, according to the Economist. UiPath managed to raise $1.3bn in an initial public offering. This valued it at around $30bn. When first plans for the company were made in a living room in Bucharest in 2015 and the founders needed capital the EBRD stood ready to offer its support through the Earlybird Digital East Fund. As the world commemorated the 35 th anniversary of the Chernobyl nuclear accident this week, a new EBRD-managed decommissioning fund held its first assembly meeting. EBRD President Odile Renaud-Basso and Rafael Mariano Grossi, Director General of the International Atomic Energy Agency (IAEA) opened the meeting of the International Chernobyl Co-Operation Account (ICCA) assembly with a joint declaration pledging continued support for the decommissioning of th

EBRD and donors organise US$4 million package to Arvand Bank in Tajikistan

EBRD and donors organise US$4 million package to Arvand Bank in Tajikistan EBRD and donors organise US$4 million package to Arvand Bank in Tajikistan Promoting green technologies and new opportunities for women-led businesses Green Climate Fund joining forces with EBRD The European Bank for Reconstruction and Development (EBRD) is teaming up with the Green Climate Fund (GCF) to support small private-sector companies in Tajikistan, which invest in green technology solutions, and to create new opportunities for women-led small businesses. A financial package of US$4 million organised by the EBRD will be provided to Arvand Bank, which is serving almost 100,000 clients through 72 branches and customer service outlets across Tajikistan including in the Gorno-Badakhshan Autonomous Region, a high altitude area, which occupies almost half of the country’s territory and where the presence of financial institutions is limited.

Formerly Incarcerated Mom Wins $10,000 Grant From Beyoncé For Children s Underwear Line

Formerly Incarcerated Mom Wins $10,000 Grant From Beyoncé For Children s Underwear Line
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