FORTUNE+ VIDEO SPONSORED CONTENTS ADVERTORIALS FORTUNE AUDIO Fortune Careers TRADE AFRICA Election 2026 New TIME REMAINING UNTIL ETHIOPIA’S NATIONAL ELECTION 0Days 0Hours 0Minutes 0Seconds




City Creates Over 34,000 Jobs in Three Months

Nov 23 , 2019


[ssba-buttons]

Over 34,000 job opportunities in Addis Abeba were created in the first quarter of the fiscal year. The city’s Job Creation Enterprise Development Bureau plans to create over a quarter of a million jobs in the current fiscal year. Out of 34,000 jobs created, 25,935 are permanent and 8,568 are temporary job opportunities. Manufacturing, construction and urban agriculture account for the majority of the jobs created during the first quarter. Out of its total plan, the Bureau aims to create more than 200,000 jobs by organizing youth permanently and temporarily under associations, while the remaining jobs would be created by employment institutions. The Addis Abeba Housing Development & Administration Bureau’s Housing Development Corporation planned to create over 90,000 job opportunities, although the commencement of the housing projects was launched late. The mega projects of the city, which play a significant role in job creation, are on their initial phase of commencement, according to Meron Adissie, public relations team leader of the Enterprise Development Bureau.


Radar

Tariff Reform Powers EEP Revenue to 119 Billion Br

Ethiopian Electric Power (EEP) collected 119 billion Br in revenue during the 2025-2026 fiscal year, up 57.8pc from the previous year, while recording a gross profit of 39.5 billion Br. The performance comes as EEP faces public scrutiny over a multi-year electricity tariff reform. EEP achieved 92pc of its 129.8 billion Br revenue target. It attributed the performance to improved revenue collection systems and better coordination, following a period in which the utility operated at a significa...


Radar

ESX Names Yodit Kassa CEO in Leadership Handover

The Ethiopian Securities Exchange (ESX) said on August 7, 2026, that its founding Chief Executive Officer, Tilahun Esmael (PhD), had been replaced by the Chief Operating Officer, Yodit Kassa. ESX credited Tilahun with steering the Exchange from its early project phase into a fully operational securities market. He established its governance, technological and operational foundations while building relationships with regulators, investors and other stakeholders. Yodit and Tilahun have been...


Radar

Enat Bank Enlists Partners to Develop Gender Bond

Enat Bank has entered a four-party partnership to develop what the partners describe as Ethiopia's first private-sector gender bond. The bank signed a memorandum of understanding with FSD Ethiopia, I-Capital Africa Institute and FSD Africa to structure and launch the bond. The partners will collaborate throughout the pre-issuance and post-issuance phases. Their work will cover transaction structuring, framework development, regulatory compliance, investor engagement and post-issuance manageme...