Impact Assessment and Evaluations


2026 May 4

Impact Investing Feasibility Study in Ethiopia

New Silk Roads conducted a multi-dimensional feasibility study on establishing an impact investment fund within Ethiopia’s emerging capital market. This study utilised extensive desk research, secondary source analysis, and key informant interviews with key regulators and financial institutions to analyse the "missing middle" financing gap.

To validate this initial assessment, we hosted a two-day workshop in Addis Ababa with key stakeholders. Based on this workshop, we are currently structuring a blended finance model that includes local-currency deployment, offshore de-risking, and a technical assistance facility. Our team is also providing support to secure catalytic capital and donors to launch this first-of-its-kind vehicle for growth-stage SMEs in Ethiopia.

2025 April 1

Inclusive Entrepreneurship Ecosystem Assessment

New Silk Roads conducted an assessment of Tripoli’s entrepreneurship landscape, with a focus on identifying sustainable and systemic opportunities to strengthen the ecosystem for marginalised groups. Our team used a mixed methods approach composed of surveys, in-depth interviews, and focus group discussions.

Our approach was rooted in ILO's Inclusive Entrepreneurship Framework and the Isenberg Model, which organises the entrepreneurial environment into six interconnected pillars: human capital, policy and regulation, access to finance, culture and social norms, support services and infrastructure, and market access. Our study also integrated three cross-cutting dimensions: gender and social inclusion, conflict sensitivity, and environmental sensitivity.

2025 January 11

Impact Assessment for Hivos Job Creation Programs

The New Silk Roads M&E team has provided Monitoring, Evaluation, and Learning (MEL) support to several Hivos programmes focused on youth employment, entrepreneurship development, and the green transition in the MENA region. For example, our team led the evaluation of the GreenWorks program, including a through desk review, key informant interviews, and over 400 online and CATI surveys. We also measured the number of direct jobs created and supported by the Hivos GreenWorks project in Algeria, Egypt, and Tunisia. Furthermore, we conducted an internal md-term evaluation of the LEAD Coworking for Sustainable Employment Programme following the OECD-DAC criteria. Finally, we provided training to various organisations in MENA to set up their own MEL frameworks and support with data collection.