FORTUNE+ VIDEO SPONSORED CONTENTS ADVERTORIALS FORTUNE AUDIO Fortune Careers TRADE AFRICA Election 2026 New TIME REMAINING UNTIL ETHIOPIA’S NATIONAL ELECTION 0Days 0Hours 0Minutes 0Seconds




Mismatched Skills Plague the Labor Force

Jan 27 , 2024


[ssba-buttons]

In a bid to address the pervasive skill and labour mismatch, the Ethiopian Chamber of Commerce & Sectorial Association organised a national public-private dialogue forum last week, focusing on improving Technical Vocational Educational Training (TVET) programs. Attendees highlighted the need for competent and committed governance to narrow the skill gap. Melaku Azezew, the president of the Association, underscored the importance of creating linkages between industries and TVET programs to establish robust relationships and develop complementary skills. Ministry of Labor & Skills is set to enrol over 630,000 students across the 1,300 private and public TVET campuses nationwide. Solomon Benor (PhD), head of research & engagement affairs at the Ministry of Education, echoed similar sentiments, expressing optimism in the recently ratified proclamation to align labour demand and supply effectively.


Radar

Parliament Receives $237m Development Loan Package

The Council of Ministers forwarded two concessional loan agreements totalling 237.3 million dollars to Parliament for ratification, targeting rural infrastructure and food security. The package includes 46.3 million dollars from the African Development Bank (AfDB) for climate-resilient infrastructure in pastoralist regions. A second credit facility of 191 million dollars (146.1 million SDR) from the International Development Association (IDA) is earmarked for the sixth phase of the Productive Sa...


Radar

MoTRI to Overhaul Consumer Protection Rules Following Cabinet Approval of Trade Policy

The Council of Ministers, led by Prime Minister Abiy Ahmed (PhD), approved Ethiopia's first unified trade policy last week, ending a three-year deliberation period to fill a decades-long regulatory vacuum. This institutional milestone mandates the Ministry of Trade & Regional Integration (MoTRI) to overhaul consumer protection frameworks, specifically requiring a rigorous revision of the Trade Competition and Consumer Protection Proclamation to eliminate market distortions and the proliferat...


Radar

Regional Power Exports Yield $366m as Capacity Hits 9.6GW

Ethiopian Electric Power (EEP) generated 365.99 million dollars from regional exports in the first nine months of the fiscal year as national capacity reached 9,579MW. The revenue followed the sale of 24,940GWh, representing 91pc of gross generation. Hydropower remains dominant, providing 9,500MW. To diversify assets and mitigate climate risks, the utility integrated the 100MW Asela Wind Power Project. The transmission network has expanded to 148,600km to secure domestic industrial supply and...