New Programme Aims to Curb Industrial Park Staff Turnover

The Mastercard Foundation's BRIDGES Programme and its partners are looking to lower the staggeringly high turnover rates at industrial parks through the introduction of a saving and career development scheme. Dubbed 'Tatari,' the platform will match the savings deposited by industrial park employees at the Commercial Bank of Ethiopia (CBE), up to 10pc of monthly salaries for five years. At the end of the saving period, employees will have the option of withdrawing the funds to establish micro and small enterprises. The matching fund will be covered by the employing factories. Aiming to encourage employee retention and prevent staff turnover, which can reach as high as 50pc in a month and even 100pc in three months' time, the saving system was launched two weeks ago. The Mastercard Foundation will provide technical assistance, while First Consult has been chosen as a consulting firm for the project. Two factories inside Hawassa Industrial Park have already showed an interest to implement the project. Almost all industrial park employees are women, who come mostly from rural areas with agricultural backgrounds.


Ministry Ponders Tax Waivers for Rural Energy Solutions

Tax exemptions for off-grid energy technologies like solar pumps and mini-grids are under discussion, spearheaded by the Ministry of Water & Energy. Commonly used by rural households, officials disclose their simultaneous plan to develop 300 mini-grids in the next six years. According to Birhanu Weldu, the lead executive of rural energy technology development, the initiative tackles the country's low electrification rate and reliance on charcoal and firewood. Charcoal, fuel wood, and...


Rural Land Proclamation Comes to Light

A landmark legislation that grants title holders in rural areas the right to use the property as collateral was unanimously ratified by Parliament last week. It primarily focuses on extending access to finance for farmers and pastoralists, through a structured land title system. It also introduces criminal penalties for the illegal transfer of property. Replacing the 18-year-old proclamation for rural land management, the law sentences individuals engaging in land invasions and unauthoris...


Ethiopian Unveils $50m Domestic Terminal Renovation

With a rising demand for domestic travel, Ethiopian Airlines has renovated its terminal at Addis Abeba Bole International Airport with 50 million dollars to handle customers. The expanded terminal has doubled its previous size to 25,750Sqm and accommodates 200 daily flights to and from 22 domestic destinations. It includes four contact gates, 10 remote departure gates, 22 check-in counters with automated baggage screening systems, shops and restaurants. The terminal also features a dedica...