Prime Minister's Audience with Trade Union a Sign of Change

Sep 2 , 2023


Following months of unheeded requests by the Confederation of Ethiopian Trade Union (CETU), Prime Minister Abiy Ahmed granted an audience to the members led by their president Kasahun Follo at his office last week. The three-hour discussion had the Minister of Labor & Skills Muferihat Kamil, and Minister of Justice Gedion Timotios (PhD) in attendance. Revision of income tax proclamation, implementation of minimum wage laws and improved working conditions for labourers across the country were championed by CETU members during the meeting. The Prime Minister promised to address the issues raised by giving a "clear direction" to responsible officials as he lauded the complaints of the labour activists as "appropriate". Kassahun expressed gratitude for being given an audience. "We're hopeful that things will begin to change," he told Fortune. Despite the Tripartite Labour Advisory Board reconvening after two years hiatus and selecting new members chaired by Muferihat, the president of the Confederation maintains that it still has not been particularly useful. CETU was established in 1963 as an umbrella organization for various trade unions across the country, managing to collect nearly a million members. A march on the first of May in which the union had sought to instigate the initiation of a minimum wage implementation process and the effective initiation of the Board was cancelled after security offices denied approval for the assembly.


Radar

Ethio Telecom Launches New Marketplace with Cash-Back Guarantee

Ethio Telecom has launched Zemen Gebeya, a nationwide digital marketplace integrated into the telebirr SuperApp, offering a secure platform for consumers and businesses to trade goods and services. The platform includes a built-in escrow service, allowing payments to be held temporarily until the buyer confirms delivery. If a product is not delivered or the buyer is dissatisfied, the payment is returned—creating a cash-back guarantee model designed to build trust in online transactions. Lau...


Radar

Ethiopia-Israel Business Forum Opens Doors to Investment Opportunities

The Ethiopia-Israel Business Forum took place last week at the Hyatt Regency Addis Abeba, bringing together Ethiopian government officials and investors from Israel. Officials presented a range of investment opportunities, while Israeli investors expressed interest in entering the market. The forum opened with remarks from the foreign ministers. Gedion Timotheos, Ethiopia's Minister of Foreign Affairs, used his address to extend a formal invitation to the Israeli business community, stressing...


Radar

National Bank Injects Millions Through Foreign Currency Auction

The National Bank of Ethiopia (NBE) is continuing its push to stabilise the foreign exchange market, injecting millions of dollarss into the economy through a series of currency auctions. According to official data, the latest auction was held on May 7, 2025, during which 60 million dollars was supplied to 16 participating banks at an average exchange rate of 132.9643 Br per dollar. In the previous month, the NBE held two auctions: 70 million dollars was offered on April 16 to 26 banks at an...