News Analysis | Jan 05,2020
The crucial role education plays in supporting a competitive economy was not lost on policymakers. With a strong emphasis on the natural sciences, efforts were made to improve primary and secondary-level enrollment in schools and boost the proportion of university graduates across the country.
A remarkable job of this was done through aggressive spending on social capital, especially in the expansion and establishment of higher-learning institutions. Over 100,000 university graduates are expected to enter the labour market this year alone, graduating from no less than 42 public universities.
Unfortunately, productivity did not increase by any measurable means. Lack of skilled labour force remained one of the most consistently cited reasons for Ethiopia’s lack of economic competitiveness. The World Bank noted, in its 1988 report in Ethiopia economy, lack of productivity is what had ailed growth. It echoed the same conclusion in its report in 2018. Worse, as large swaths of university-graduates remained unemployed or under-employed, and expectations turned into frustrations, the economic ailment has transformed into a political crisis.
PUBLISHED ON
Jan 05,2020 [ VOL
20 , NO
1028]
News Analysis | Jan 05,2020
Fortune News | Apr 17,2020
Radar | Jun 03,2023
Radar | Dec 26,2020
Commentaries | Sep 06,2020
Feb 24 , 2024 . By MUNIR SHEMSU
Abel Yeshitila, a real estate developer with a 12-year track record, finds himself unable to sell homes in his latest venture. Despite slash...
Feb 10 , 2024 . By MUNIR SHEMSU
In his last week's address to Parliament, Prime Minister Abiy Ahmed (PhD) painted a picture of an economy...
Jan 7 , 2024
In the realm of international finance and diplomacy, few cities hold the distinction that Addis Abeba doe...
Sep 30 , 2023 . By AKSAH ITALO
On a chilly morning outside Ke'Geberew Market, Yeshi Chane, a 35-year-old mother cradling her seven-month-old baby, stands amidst the throng...
Apr 13 , 2024
In the hushed corridors of the legislative house on Lorenzo Te'azaz Road (Arat Kilo)...
Apr 6 , 2024
In a rather unsettling turn of events, the state-owned Commercial Bank of Ethiopia (C...
Mar 30 , 2024
Ethiopian authorities find themselves at a crossroads in the shadow of a global econo...
Mar 23 , 2024
Addis Abeba has been experiencing rapid expansion over the past two decades. While se...