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.


DDR Initiative Gets 16m Boost

A 16 million euro initiative to facilitate the disarmament, demobilisation, and reintegration (DDR) of nearly 370,000 ex-combatants was launched last week. Financed by the European Union (EU) the program will be implemented across eight regional states. It is overseen by the National Rehabilitation Commission (NRC), the agreement was signed at the Ministry of Finance's headquarters on King George St. Key figures including Semereta Sewasew, state minister for Finance; Teshome Toga, commissioner...


Central Bank Launches Youth Enterprise Forum

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ArifPay Takes a Leap with Massive Capital Boost

Shareholders of ArifPay Financial Technologies S.C. have taken a significant stride by resolving to raise the company's paid-up capital to 300 million Br. The decision doubles down from the current 140 million Br marking a substantial increase. ArifPay, was established by 142 shareholders and secured the distinction of being the first payment operator licensed by the National Bank in 2021. CEO Bernard Laurendeau emphasised the critical timing of this capital increase, aligning with the company...