Parliament Inquires Ministry Minimum Wage Law Status

Apr 3 , 2023

The delay in the implementation of the minimum wage law that has been in the making for several years was questioned by members of Parliament during the eight-month performance report last week. Muferihat Kamil, minister of Labor & Skills, answered that even though the Ministry has prepared a draft minimum wage law, the post-war economy will make it difficult to implement. The Minister said that unemployment cannot be tackled overnight and it will be addressed step by step while attracting and sustaining higher foreign direct investment is crucial to move forward. She also emphasized that unemployment cannot be addressed by the government reminding entrepreneurs, job seekers and the private sector to play their role. The Ministry achieved 83pc of its plan to create 2.6 million job opportunities over the past eight months, assisting over two million people to get employed. According to the report, 53.9pc job is located in rural areas. Over 200,000 people who graduated from higher education institutions benefit from the opportunities created with women taking more than half the post. Over 67,000 employees were trained to get 35 million dollars from overseas employment services by sending 46,322 employees to Middle East countries.


Geda Special Economic Zone Receives Prospective Tenants

East African Holding and Ethio-Chicken have been shortlisted to invest in the Geda Special Economic Zone(GSEZ), located in the tri-state area shared by Mojo, Adama, and Shashemene cities within the Oromia Regional State. The two companies were selected from 120 investors who showed interest in acquiring space in one of the largest SEZs in Africa. Close to 404hct of land has already been developed in the expansive economic zone, out of a potential 24,000 hectares, with lease prices set between...


Standard Institute Revamps Fees, Board Restructuring

The Ethiopian Standards Institute (ESI) is set to introduce fees for standards sticker, establish a new governing board, and address collaboration with other regulatory bodies. The Institute plans to strengthen its financial standing by charging fees for standards and product certification services to support its operations and annual budget. A key change involves replacing the current Council of Standards with an 11-member Board of Directors. The Minister of Trade & Regional Integration...


Safaricom Ethiopia Rolls Out its Network to Tigray

With 125 self-built towers, Safaricom Ethiopia has launched its operations in the Tigray Regional State. Executives disclosed plans to invest in an additional 166 towers and expand their reach to the remaining towns. "This is the most exciting milestone in Tigray since the return of social services," said Getachew Reda, president of the Interim Regional State Administration. In July 2021, the consortium-backed telecom giant entered Ethiopia's market, historically dominated by state-owned E...