IMPRUDENT SCHOLARSHIP


IMPRUDENT SCHOLARSHIP

A vendor spreads a variety of books for sale around the Arat Kilo area near the pioneer university in the country. Adult literacy rates are around half in Ethiopia, with growing numbers exiting the school system due to conflict. A wave of reforms by the Ministry of Education has brought both hope and uncertainty to both parents and students. With three percent of examinees passing university entrance exams and the exit exams for senior university students lurking about, a decline in the number of new entrants into the workforce is expected by experts. Insinuations by the federal government on the unlikeliness of new hires as part of a civil service restructuring have also cast doubt over employment prospects for many students grappling with insurmountable odds of finishing their education.


Radar

Exchange Ponders Adding Salt to its Floor

The Ethiopian Commodity Exchange (ECX) is considering adding salt to its list as the 24th tradable commodity. Executives are currently conducting feasibility studies and preparing sales contracts. Last week, Ali Muhammed, deputy administrator of the Afar Regional State, and Ali Behani, Head of the Regional Mining Bureau, visited the ECX headquarters in the Mexico area. They said regional salt miners and processors are not adequately compensated for their production, with hopes that the EC...


Radar

Public Service Sector Receives Data Privacy Training

Staff members from the National Bank of Ethiopia, the Ministry of Trade & Regional Integration and the Ministry of Revenues received a three-day training on data privacy and protection over the past week. The training aimed to equip participants with the skills of proper data breach notification procedures, minimising risk of exposure, and secure data transfer practices to safeguard personal data during transmission. It was given by the Business Environment and Investment Climate (BEI...


Radar

Unleashing Millions for Micro-Entrepreneurs with Digital Loans

A 100 million-dollar program to scale up six financial institutions to facilitate digital non-collateral loans to micro, small and medium enterprises (MSMEs) was launched last week. Drawing experience from the first digital non-collateral lending platform dubbed Michu powered by Cooperative Bank of Oromia (COOP), the program coupled with Amhara, Bunna, Enat, Wegagen and ZamZam banks. Last year, Coop dispersed 946 million Br loans to farmers through cooperative unions and MSMEs, reaching m...


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