Youth Employment Rate at 57pc: Study Finds

Jan 22 , 2022


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

Central Bank's Auction Sends Dollar Soaring to 135 Br

A dollar value against the Birr exceeds 135 during an auction the Central Bank held last week, offering 60 million dollars. Close to 27 banks made their bid where the weighted average was 135.61 Br for a dollar. The National Bank of Ethiopia (NBE) announced the results of the special foreign exchange auction, the second since monetary authorities floated the forex regime in early August last year. Last week's result reflects a weaker Birr than in the first when the average rate was 107.9 Br....


Radar

Ethio Telecom Bids to Dominate Ethiopia's Digital Future

An array of services from digital livestock tracking, push-to-talk/video communications to cloud-based banking, an education management system (EMS), and enterprise resource Planning (ERP) are available from the state-owned Ethio telecom. Ethio telecom has introduced seven new cloud-based digital services last week at the Skylight Hotel, on Africa Avenue (Bole Road), pledging to transform business operations, financial services, and education management. The company said that these solutions...


Radar

Addis International Convention Centre Inaugurates

The much-anticipated Addis International Convention Centre, spanning 40 hectares, was officially inaugurated last week. It is set to become the country's largest conference venue, designed to host both national and international events. The centre features two large halls, each accommodating 3,000 to 4,000 people. It also includes eight smaller meeting rooms, bringing its total capacity to 10,000 attendees. Two hotels, with a combined 1,000-bed capacity, will serve both local and internationa...