FORTUNE+ VIDEO SPONSORED CONTENTS ADVERTORIALS FORTUNE AUDIO Fortune Careers TRADE AFRICA Election 2026 New TIME REMAINING UNTIL ETHIOPIA’S NATIONAL ELECTION 0Days 0Hours 0Minutes 0Seconds




Human Right Association Urges Industrial Parks to Combat Labor Abuses

Jun 11 , 2024


[ssba-buttons]

A call to establish an independent inspection body within industrial parks and monitor labour practices was made by the Association of Human Rights in Ethiopia. The impact of domestic conflict, human rights violations, and a struggling global economy paints a concerning picture of the country's labour market, according to a report by the Association. The report cites the ongoing conflict in the northern part of the country as a key factor hindering job creation and investment. The report links the recent war to Ethiopia's delisting from the African Growth & Opportunity Act (AGOA), a blow to its garment industry and a potential source of job losses. While the study does not solely focus on domestic issues, it acknowledges the ongoing pandemic and global recession's negative impact on employability in Ethiopia. These factors, coupled with the internal conflict, create a difficult environment for job seekers. The report reveals a troubling trend of human rights abuses against vulnerable workers and identifies cases of labour exploitation, contract violations, gender-based harassment, and wage theft, particularly in industrial parks and through private employment agencies. The report does not shy away from criticising the current legal framework. It calls for revising laws concerning private employment agencies to better protect workers' rights.


Radar

Customs Authorities Intercept Major Alleged Contraband Shipment Worth 422 Million Br

The Customs Commission seized alleged contraband goods worth more than 422 million Br during inspections conducted between June 25 and June 30, 2026. The haul included clothing, electronics, ammunition, construction materials, coffee, vehicle spare parts, cosmetics, khat, narcotics, minerals, livestock and foreign currency. The Addis Abeba Airport, Moyale and Awash customs branches recorded the largest seizures, valued at 115 million Br, 93 million Br and 61 million Br, respectively. Authorit...


Radar

Hijira Bank Posts Record Growth as Assets Reach 31.45 Billion Br

Hijira Bank posted 3.55 billion Br in income in 2025/26, exceeding its combined earnings over the previous four years, while gross profit reached 1.9 billion Br. Assets rose 115pc to 31.45 billion Br, deposits doubled to 24 billion Br, and capital increased 202pc to 7.45 billion Br. Digital transaction value surged 86pc to 41.72 billion Br, foreign currency earnings reached 158 million dollars, and total banking transactions hit 615.39 billion Br. The bank also disbursed 1.5 billion Br in col...


Radar

Gadaa Bank Offers One Million Shares to Public Investors

Gadaa Bank has offered one million shares to the public at 1,050 Br per share following approval from the Ethiopian Securities Exchange (ESX) on June 22, 2026. The share sale keeks to expand the bank's capital base and strengthen shareholder value. The offering will run until September 17, 2026, and is open to existing shareholders and new investors who meet ESX requirements. It is open to existing shareholders and new investors who meet ESX requirements...