Economics Association Devises Development Index

Mar 18 , 2023


[ssba-buttons]

Ethiopian Economics Association developed a multi-dimensional development index to assess the country's economic progress. Degye Goshu (PhD), director of research & policy analysis in the Association, said that the index intends to narrow the gap between the numeric expression of economic growth and the status of people's lives on the ground. He said human and socio-economic development indexes, democracy and good governance, environment, globalization and gender gap index are enveloped. Currently, the Association has 5,500 members. Its President, Amdissa Teshome, said the index can be an input for finance and planning & development ministries calling for their support. The consultation held at InterLuxury Hotel saw the attendance of officials from the Ministry of Trade & Regional Integration, UNICEF and the African Development Bank. The Association was established in 1991 to provide a networking platform, access to information and a better understanding of domestic and global economic issues that help to inform and influence economic policy-making and investment decisions.


Radar

New Directive Tightens Rules for Foreign Employment Agencies

The Ministry of Labour & Skills has issued a directive under the Ethiopian foreign employment framework, setting clear standards for agency size, capital, and operations. Depending on their level, newly established agencies can serve between 10 and over 100 workers a day. Office space requirements range from 100sqm to 700sqm, tied to operational scale. Level-one agencies must hold a paid-up capital of 20 million Br and place a security deposit of 250,000 dollars or its birr equivalent...


Radar

Audit Findings Expose Deepening Gaps in Accountability

A new study reveals that audit irregularities in Ethiopia have continued to rise year after year, driven by weak enforcement and unresolved legacy problems. The finding, commissioned by the Office of the Federal Auditor General (OFAG) and conducted by independent researchers from Addis Abeba University, examined audit reports covering 2009–2023. The study attributes the persistent irregularities to limited accountability, poor follow-up, and reduced audit coverage during political transitio...


Radar

Africa Maritime Conference Sets Sights on Seafaring Innovation

The Ministry of Transport & Logistics has launched the first-ever Africa Maritime Conference, marking a bold move to position landlocked Ethiopia as a continental hub for seafaring innovation at a time of global talent shortages. At a pre-conference briefing, Frans Joubert, CEO of YCF Manning Ltd, underscored Africa's untapped potential in the maritime sector. Of the 1.9 million seafarers worldwide, only four percent are African—despite the continent hosting around 150 maritime academie...