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

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...


Radar

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...


Radar

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...


Back
WhatsApp
Telegram
Email