Youth Employment Rate at 57pc: Study Finds

Jan 22 , 2022


[ssba-buttons]

A study conducted by the Ethiopian Statistics Service reveals that the employment-to-population ratio of youth between the ages of 15 and 29 is 57.4pc at the national level. Close to 51,000 households were studied for the 2021 Labour Force and Migration Survey published last week. The youth employment-to-population ratio in rural areas was 64.9pc while the figure stands at 50.6pc in urban areas, according to the study. The highest ratio was recorded in Benishangul-Gumuz at 70pc among the 336,000 people included in the study. The lowest was observed in the Gambella region at 36.8pc. Of the 1.1 million residents of Addis Abeba included in the study, 44pc are employed.


Radar

Nib international Bank Faces Heavy Hit from Forex Revaluation, Pays 348 Million Br in Penalties

Nib International Bank S.C. (NIB) has reported a significant loss of 2.9 billion Br, primarily due to extraordinary foreign exchange revaluation losses today, during its annual shareholders meeting at the Millennium Hall on Africa avenue, Airport Road. The bank faced substantial penalties amounting to 348.4 million Br. These penalties included a 251 million Br fine for liquidity shortages and a 97.4 million Br charge for violations related to Real-Time Gross Settlement (RTGS) payments. The bank...


Radar

Railway Network Upgrade Positioned as Engine of Economic Transformation

The National Railway Business Summit took place at Skylight Hotel on October 21, 2025, signalling a historic step in modernising its railway network as a foundation for national development and regional connectivity. Government officials, industry leaders, investors, and experts from around the world convened to discuss infrastructure expansion, financing models, and technology adoption. Asma Redi, chief portfolio director at Ethiopian Investment Holdings, noted that the Ethiopian Railways Co...


Radar

Gold Prices Ease After Recent Surge

The price of gold, which surged sharply in recent weeks, has started to decline in the current selling market. Over the past 15 days, 21-carat gold has traded between 24,000 and 25,000 Br per gram for imported products and around 21,000 Br for local gold. Imported 18-carat gold sold for 21,000 Br, while local 18-carat pieces were priced at 19,000 Br. Traders note that the recent increase was twice as high as typical fluctuations, attributing the spike to export patterns from Arab countries. ...