Associations Eye Outsourcing Business Process

Apr 15 , 2023

Fresh ICT graduates and young tech professionals are hoping to work for international technology companies as the newly established outsourcing association starts its operation in Ethiopia. The association will provide a platform for tech professionals to capitalize on the opportunity, delegating IT-related business operations to independent contractors known as business process outsourcing (BPO). At the inaugural ceremony held last week Belete Mola (PhD), minister of Innovation & Technology, said associations will play a vital role in linking the workforce with prospective employers in the tech industry and in foreign currency generation. He said that BPO is one of the areas that will be given due attention as the nation strives to realize a digital Ethiopia by 2033. The Ministry pledges its assistance to companies and outsourcing associations by providing technical support and working space in the newly built ICT park. Following the Indian BPO market which is the primary choice for many tech companies becoming expensive to outsource their employees, many tech businesses are shifting their focus to the African BPO market.


Ministry Secures $86m Grants

An 86.18 million dollar grant agreement was signed between the Ministry of Finance, UNICEF and UNFPA last week to support the agencies' ongoing country programs for the fiscal year. Out of the total grant, UNICEF committed 70 million dollars to support its water, nutrition, education, health, sanitation, child protection, and gender projects. Meanwhile, UNFPA pledged 16.1 million dollars for family planning, maternal health, adolescent and youth development, and gender equality and women empo...


Authority Reports Fuel Import Stats

Ethiopian Petroleum & Energy Authority (EPA) disclosed that 3.2 million tons of fuel were imported into the country during the last fiscal year. The figure includes 2.04 million tons of diesel and 767,672tns of benzene. In the past fiscal year, the digital payment system, Telebirr, facilitated transactions totalling 103 million volumes worth 61.8 billion Br. Of these transactions, 81.39pc were for diesel, while 17.82pc were for benzene. The number of fuel stations increased from 682 to...


Commercial Bank Collects $3.2b in Foreign Currency

The Commercial Bank of Ethiopia (CBE) announced robust performance in foreign currency collection for the past fiscal year, achieving 3.2 billion dollars in total mobilisation. This includes 2.07 billion dollars in remittances, with the Bank's Diaspora banking service and CBE Birr contributing 89.9 million dollars to the total. The performance details were shared during CBE's annual review meeting last week. "This achievement is particularly gratifying given the challenging economic climat...