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.



A young shoe shiner goes door to door, offering his services around the Stadium area. It is common in the capital to see young rural migrants engaged in physical labour, scraping change to send home. CHR Michelsen Institute (CMI) estimates that one out of three rural households has at least one family member migrating to cities. Extreme poverty and lack of access to farmland force many to look for better prospects in the city. Upward income mobility has remained stagnant over the last five years...



A carriage around the Ayat area delivers water, as homes rarely access tap water in the area. Ethiopia has nine major rivers, and twelve big lakes, often called the water tower of Africa. However, UNICEF estimates that up to 80pc of communicable diseases in Ethiopia are due to a lack of access to safe water and sanitation. The second most populous country in Sub-Saharan Africa has the highest percentage of the population without access to potable water at 60pc, while the average daily consumptio...



Holiday activities at Jan Meda included penalty shoot outs for cash pay alongside other carnival games. The World Cup final in Qatar ended in penalty shoot outs this year, a global audience of 1.5 billion watched the spectacle. While the tournament's ending had stirred planetary awe, the death of 37 workers during the construction of the stadiums had given the games a sour taste early on. The tournament broke records of the biggest budget of more than 200 billion dollars and the most spectators...