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




Ministry Raises 2.2b Br for Social Security

Oct 10 , 2020


[ssba-buttons]

A total of 2.2 billion Br was raised from social security during the first quarter of this fiscal year, according to the Ministry of Labor & Social Affairs, which has widened its reach and registered 1,592 private companies to cover social security costs for 17,838 employees. The Ministry was also able to issue a work permit for 5,841 non-nationls and generated 7.8 million Br from the service during the reporting period. It is also working on digitising the process of giving work permits in collaboration with the Ministry of Innovation & Technology. "We're working on improving the minimum wage in the country," said Ergoge Tesfaye (PhD), minister of Labour & Social Affairs, during the briefing held last Friday, October 9, 2020. The decrease in foreign employment due to the Novel Coronavirus (COVID-19) pandemic and inability to reach the targeted number of homeless and vulnerable people for rehabilitation were some of the challenges faced by the Ministry during this time.


Radar

Addis Ababa Enterprises Tap 3.8b Br in Loans

More than 16,000 enterprises benefited from market linkages worth over 20 billion Br generated by Addis Abeba's Enterprise & Technology Development sector during the 2026-2027 fiscal year. Financing support reached nearly 8,000 enterprises, which accessed more than 3.8 billion Br in loans. Enterprises also generated six billion Birr in savings. More than 14,000 enterprises received industrial extension and technology support. The sector replicated and transferred 241 of the 295 problem...


Radar

Zambia Airways Taps Aman Wole for Growth Drive

Zambia Airways has appointed Aman Wole Gurmu as Chief Executive Officer (CEO), bringing in an Ethiopian Airlines executive with more than 19 years of experience in airline leadership, commercial strategy, sales, market development and strategic partnerships. Aman held several senior positions at Ethiopian Airlines, including Regional Director for Mainland China and Mongolia, Regional Director for France and the Maghreb, Area Manager for Zambia and Director of Sales in Addis Abeba. The Zamb...


Radar

Grade 11 Takes On 11 Vocational Programs

Grade 11 students will begin work- and practice-based vocational training in the 2026/27 academic year under a new initiative covering 11 fields. The programmes span building electrical installation, plumbing, metal technology, automotive technology, garment technology, hotel services, hair and beauty services, food preparation, software development, crop production and healthcare services. They are designed to provide practical skills and knowledge relevant to employment and career opportuni...