Turnover Trumps at Industrial Parks

November 7 , 2020

About 11,169 employees from industrial parks have left their jobs in the first quarter of the fiscal year, according to a report from the Ethiopian Investment Commission, which also reported that 10,864 new jobs have been created there. The effects of the Novel Coronavirus (COVID-19) pandemic and expensive housing and living conditions for employees around parks were attributed to the high turnover rate, according to Commissioner Lelise Neme. “A lot of work is being done to provide housing units for employees at industrial parks with the help of development partners,” said the Commissioner. Within this same quarter, the Commission issued 36 investment licenses, 17 of which went to the service sector, while four and 15 were for agriculture and manufacturing, respectively. Additionally, five industrial parks began offering one-stop service. Only half of the targeted one billion dollars was generated through foreign direct investment over the quarter.


UNDP Nods $2m for National Dialogue

United Nation Development Program (UNDP) has signed an agreement with the Ministry of Finance and National Dialogue Commission, allocating 2.2 million dollars for the upcoming national discussion. Managed by an independent trust fund, and in addition to the annual budget allocated by the Ethiopian government, UNDP is looking to set up a financial buffer scheduling to raise 32.8 million dollars in support funds from development partners over the next three years. The Dialogue Commission was est...


Street Snack

The rainy season is going to be missed for at least one reason: boiled corn on the cob. As the customer captured here, it has been an enjoyable street food for the city's residents to keep them warm. More importantly, it was a livelihood for many street vendors. ...


Stair Shop

A shop and a shoeshine stall have been set up under the stairs of an overhead bridge. In the most crowded parts of Addis Abeba, there is always some type of vendor selling everyday goods, serving the lower-income population...