Capital Ushers Job Creation Forum

Jul 8 , 2023


  A forum on accelerating entrepreneurship, digital and financial inclusion in light of the African Continental Free Trade Area (AfCFTA) was held at the headquarters of the African Union last week. The African Entrepreneurship Forum pins its agenda on an investment integration roadmap and viable schemes of job creation for the rising unemployment rate in the continent. Minister of Labor & Skills Muferihat Kamil opened the forum by indicating the importance of enhancing the skills of employees to create reliable and quality jobs. The youth constitute around 60pc of the unemployment pool in Africa. According to the World Economic Forum's 2022 forecast, young Africans will constitute 43pc of the global youth population by the year 2030. The event included panel discussions on unemployment, work culture and job creation with several entrepreneurial figures in the country.


Radar

Standing Committee First Visit to Private Foreign Firm Garners New Era

Safaricom Ethiopia stated that it has become the first private foreign company to host a visit by a standing committee from the House of People's Representatives, with the Democracy Affairs Standing Committee touring the company's operations last week. Wim Vanhelleputte, CEO, presented the company's half-year results, showcasing growth in mobile and M-PESA services. Notable achievements include expanding 4G coverage to 46pc of the population, acquiring over 6.1 million active subscribers, and se...


Radar

Goh Mortgage Bank Registers 12-fold Gross Profit Increase

Goh Mortgage Bank reported gross profits of 83.4 million Br, a twelve-fold increase from last year's 6.4 million Br. At its general assembly last week, the bank announced total deposits of 1.02 billion birr, a 12pc increase from 30,530 deposit accounts, which grew by almost 40pc. Outstanding loans reached 1.55 billion Br, with 60pc directed to the construction sector and 19pc towards export-import activities. The bank mobilized 2.3 million dollars in foreign exchange during the year. Girum Ts...


Radar

Garment Maker Invests 200 million Br in Worker Welfare

Shints ETP Garment PLC, a South Korean enterprise operating inside Bole Lemi Industrial Park, inaugurated a 200 million Br recreational facility and daycare center. This state-of-the-art facility includes a tennis court, basketball court, soccer field, gym, and daycare center, with hopes of enhancing employee satisfaction and productivity. The company currently provides dormitory services for 5,500 workers and primary education for their families and plans to expand its dormitory capacity to 11...


Back
WhatsApp
Telegram
Email