Parliament Legislates Stringent Labour Law

Jul 6 , 2019


Parliament has a legislated stringent new labour law during its session held on July 4, 2019. Drafted by the Ministry of Labor & Social Affairs, the proclamation aims at creating a conducive environment for investment that leads to the creation of more jobs while productivity is maximised through the protection of workers’ rights. It also aims to address the shortcomings and limitations of the old law, which was 14 years old. The law that spent four years in the making had passed various stages of discussion among stakeholders before it was legislated last week. The Confederation of Ethiopian Trade Unions, Ethiopian Employers Federation, International Labor Organization (ILO), the Federal Attorney General and public enterprises have participated in the drafting process. Among the changes the new bill introduces is allowing for the dismissal of employees who have a record of coming to work late eight times and are absent for five days without cause within a six-month period. The bill also extends the probation period from 45 days to 60 working days. Another significant departure of the new bill is the period of maternity leave. The new law gives 30 working days of pre-labour leave and 90 days of post-labour leave.


Radar

Abyssinia Bank Strategic Moves Pay Off, Driving Profit Growth

The Bank of Abyssinia (BoA) enjoyed another profitable year, amassing 4.23 billion Br net profits, an increase of 10.5pc from last year. The Bank announced total assets of 222.3 billion Br, surging by 17.3pc. Total deposits mobilised through the year climbed by 33.97 billion Br to 192.51 billion Br, while loans and advances reached 167.7 billion Br. However, the bank exhibited a nominal decline in its foreign currency earnings totalling 424 million dollars. Earnings per share also showed a ma...


Radar

$100m Project Mulls Public Transportation Make-Over

A 100-million-dollar project aims to manufacture over 5,000 diesel-powered and electric public transport vehicles for the capital. The proposed project was launched hoping to replace the ageing vehicles and improve safety, efficiency and quality across the city's urban transport system. Last week saw an MoU inked between executives of Multiverse Enterprise Plc and Addis Abeba Minibus Associations and was held at Vamdas Entertainment near Megenagna. The agreement includes plans to replace 15,000...


Radar

Safaricom Soars with 6.1 million Customers

Safaricom Ethiopia reported significant commercial growth in the first six months of the 2025 fiscal year (April to September 2024), with notable increases in both mobile (GSM) and M-PESA services. The company's network and services reached a population coverage of 46pc, growing from 30pc in the previous year. This expansion was supported by the addition of over 1,000 network sites, bringing the total to more than 3,000 across the country. Safaricom Ethiopia saw a surge in its customer base,...


Back
WhatsApp
Telegram
Email