Textile Industry Gets $4.5m Boost

Feb 6 , 2021


The Ministry of Labour & Social Affairs has launched a 4.5-million-dollar project aimed at providing support to the textile industry. Over 40,000 individuals are expected to benefit from the first phase of the project, which will last three months. The project, carried out in partnership with the International Labour Organisation, is aimed at supporting workers and enterprises in the textile industry who have been impacted by the effects of the Novel Coronavirus (COVID-19) pandemic. Funded by the German Federal Ministry for Economic Cooperation & Development (BMZ), it will focus on covering the wages of employees in the textile industry. A memorandum of understanding on the BMZ's Special Initiative on Training &  Job Creation, entitled "ProAgro Ethiopia – Promotion of Decent Work in Agribusiness", was signed last November between the ILO and the Ministry. The project, which involves the Ministry of Trade & Industry, has a five-million-euro budget.


Radar

Parliament Reviews Bill Allowing Foreign Property Ownership

A draft proclamation that would allow foreigners to own or occupy immovable property in Ethiopia has been submitted to parliament by the Council of Ministers. Designed to attract foreign investment, the draft law plans to ensure that Ethiopian citizens retain their right to land ownership and use. According to a statement from the Prime Minister's Office, the draft was among six agenda items discussed and approved during the Council's regular session held on May 2, 2025. The proclamation is e...


Radar

Speeding in the Spotlight as New Safety Drive Begins

The Road Safety and Insurance Fund Service has stated that drivers are responsible for 68 percent of traffic accidents in Ethiopia, with the remainder mainly caused by pedestrians and road conditions. On this topic, the service launched a one-month mass media campaign on last week focused on raising awareness about speeding, the leading cause of traffic accidents. The campaign, under the motto "Slow Down, Speeding Ruins Lives," plans to shed light on the dangers of speeding. Yohannes Lemma, E...


Radar

Askari Metals Secures Five Gold Licenses in Untapped Adola Belt

Askari Metals has acquired 100pc of Rift Valley Metals, gaining five gold exploration licences covering 460sqkm in Ethiopia's Adola Greenstone Belt, part of the southern Arabian-Nubian Shield, a mineral-rich but underexplored region. "The exploration areas—Sakaro, Sakaro West, Lega Dembi South, Megado, and Wayu Boda—lie near Ethiopia's top gold mines, including Lega Dembi and Sakaro, which have produced over three million ounces of gold. The area is known for orogenic gold systems hosted...