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

Construction Sector Faces 'Serious Trouble,' Minister Warns

The construction industry in Ethiopia is in "serious trouble," said Chaltu Sani, Minister of Urban & Infrastructure Development, citing major challenges with finance, competitiveness and material costs. Speaking at the opening of the BIG 5 Construct Ethiopia expo and the inaugural East African Infrastructure & Water Expo at Millennium Hall last week, Chaltu stressed the need for concerted efforts from government, private sector, and international partners to support the 67 billion dol...


Radar

Wegagen Bank, Gift Real Estate Partner to Promote Diaspora Homeownership

Wegagen Bank S.C. and Gift Real Estate Plc. signed a Memorandum of Understanding (MoU) on June 23, to offer housing loans for homebuyers, with a special focus on the Ethiopian diaspora. The agreement enables eligible diaspora members to access loans covering up to 80pc of a home's value at reasonable interest rates. The bank's Deputy CEO Kidane Gebreselassie noted the deal will promote the real estate sector and expand homeownership options. Founder and CEO of Gift Real Estate, Gebreyesus Igata...


Radar

Jimma University Signs Sports Science Agreement to Strengthen National Programmes

Jimma University has signed a four-party Memorandum of Understanding (MoU) with the Ethiopian Academy of Sciences, Derartu Tulu Sports Training & Research Institute, and the Oromia Youth & Sport Bureau to advance Ethiopia's sports science and training capacity. Signed on June 26, the agreement includes joint research, shared facilities, and hosting of national and international competitions. It is expected to strengthen youth development, public health, and national pride through coor...