
Fortune News | Jan 03,2025
May 4 , 2025
Pensioners face harsh economic realities, their retirement payments swiftly eroded by inflation and spiralling living costs. They struggle daily despite a recent pension rise, barely covering transportation and essentials, as the weakening Birr pushes staple prices through the roof. Their plight reflects a broader crisis. Human Rights Watch reported only 7.4pc of Ethiopia’s elderly population receives pensions, with nine in 10 beneficiaries male, leaving most vulnerable to poverty and neglect.
A familiar story of economic insecurity compounded by isolation abounds. The Ethiopian Elderly & Pensioners National Association warns of widespread food insecurity and untreated illnesses among retirees, with surveys indicating that over 80pc regularly skip meals. The situation worsens in rural regions, where over 60pc of pensioners languish below the poverty line, too distant or unwilling to access pension payments.
You can read the full story here
PUBLISHED ON
May 04,2025 [ VOL
26 , NO
1305]
Fortune News | Jan 03,2025
Fortune News | Nov 16,2024
Agenda | Dec 15,2024
My Opinion | Feb 10,2024
Fortune News | Jan 12,2019
Dec 22 , 2024 . By TIZITA SHEWAFERAW
Charged with transforming colossal state-owned enterprises into modern and competitiv...
Aug 18 , 2024 . By AKSAH ITALO
Although predictable Yonas Zerihun's job in the ride-hailing service is not immune to...
Jul 28 , 2024 . By TIZITA SHEWAFERAW
Unhabitual, perhaps too many, Samuel Gebreyohannes, 38, used to occasionally enjoy a couple of beers at breakfast. However, he recently swit...
Jul 13 , 2024 . By AKSAH ITALO
Investors who rely on tractors, trucks, and field vehicles for commuting, transporting commodities, and f...
May 10 , 2025
Federal legislators recently summoned Shiferaw Teklemariam (PhD), head of the Disaste...
May 3 , 2025
Pensioners have learned, rather painfully, the gulf between a figure on a passbook an...
Apr 26 , 2025
Benjamin Franklin famously quipped that “nothing is certain but death and taxes....
Apr 20 , 2025
Mufariat Kamil, the minister of Labour & Skills, recently told Parliament that he...