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.


E-Consultation Portal Launched to Boost Stakeholder Engagement

An e-consultation manual and portal designed to enhance stakeholder engagement in the drafting of laws before their final ratification stage was launched last week. Developed by the Business Environment & Investment Climate (BEIC) project team, the platform operates under the oversight of the Justice and Technology ministries. It aims to improve transparency, efficiency, awareness, and effectiveness throughout the law formulation and enactment process. According to Belayhun Yirga, stat...


Trade Ministry Changes Guard

Prime Minister Abiy Ahmed (PhD) made a series of appointments last week, assigning Kassahun Goffe (PhD) as the new Minister of Trade & Regional Integration. Kassahun, who previously served as the State Minister, succeeds Gebremeskel Chala, who navigated the country through various trade reforms. The appointment comes amidst an export slump, as Ethiopia has faced major economic and political headwinds over the past few years. The Ministry reported a shortfall of 863 million dollars from it...


Ahadu Bank Savours First Taste of Profits

Ahadu Bank registered a 175 million Br gross profits in the ended year, turning around its financial performance. The two-year-old Bank established with 503 million Br in paid-up capital mobilised from 9,600 shareholders has also managed to double the figure to 1.03 billion Br. Ahadu's total assets have also nearly doubled to 6.3 billion Br, while its operating income soared to 1.15 billion Br from financial services for nearly 700,000 customers. It also expanded its branch reach across the c...