Hawassa Industrial Park Opens Employee Grievance Call Centre

Aug 20 , 2022


A workers' call centre has been opened in Hawassa Industrial Park as part of efforts to curb abuse in the workplace. The centre appears as uncertainty looms over the Park's 35,000 employees, over three-quarters of whom are women, in light of downsizing by companies leasing sheds there. Over the past few months, several of the Park's tenants have laid off over a thousand employees due to what their management says is a business slowdown. Late last year, Philips-Van Heusen Corp (PVH), an international apparel company that pioneered Hawassa Industrial Park, announced the termination of operations in Ethiopia. It had strong commercial relationships with 15 of the 20 companies leasing space in the Park. The announcement coincided with President Joe Biden's decision to debar Ethiopia from the African Growth & Opportunity Act (AGOA). The trade deal had allowed eligible countries to export goods duty and quota-free to the American market. The debarment came as a blow to the textile firms in the Park.


Radar

Abyssinia Bank Strategic Moves Pay Off, Driving Profit Growth

The Bank of Abyssinia (BoA) enjoyed another profitable year, amassing 4.23 billion Br net profits, an increase of 10.5pc from last year. The Bank announced total assets of 222.3 billion Br, surging by 17.3pc. Total deposits mobilised through the year climbed by 33.97 billion Br to 192.51 billion Br, while loans and advances reached 167.7 billion Br. However, the bank exhibited a nominal decline in its foreign currency earnings totalling 424 million dollars. Earnings per share also showed a ma...


Radar

$100m Project Mulls Public Transportation Make-Over

A 100-million-dollar project aims to manufacture over 5,000 diesel-powered and electric public transport vehicles for the capital. The proposed project was launched hoping to replace the ageing vehicles and improve safety, efficiency and quality across the city's urban transport system. Last week saw an MoU inked between executives of Multiverse Enterprise Plc and Addis Abeba Minibus Associations and was held at Vamdas Entertainment near Megenagna. The agreement includes plans to replace 15,000...


Radar

Safaricom Soars with 6.1 million Customers

Safaricom Ethiopia reported significant commercial growth in the first six months of the 2025 fiscal year (April to September 2024), with notable increases in both mobile (GSM) and M-PESA services. The company's network and services reached a population coverage of 46pc, growing from 30pc in the previous year. This expansion was supported by the addition of over 1,000 network sites, bringing the total to more than 3,000 across the country. Safaricom Ethiopia saw a surge in its customer base,...


Back
WhatsApp
Telegram
Email