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.


ZamZam Bank Joins Commodity Exchange Payment System

The pioneering full-fledged interest-free commercial bank, ZamZam Bank, has become the 24th financial institution to join the Ethiopian Commodity Exchange's (ECX) payment system. CEO of the Exchange Wendemagegnehu Negera signed the deal with the President of the Bank Melika Bedri last week. According to the CEO, joining the platform which has around 11,000 accounts registered and has transacted over 386 billion Br so far, will allow a reliable mechanism whereby traders can be certain that pay...


AfDB, ADF to Chart Transformation Path at Diamond Jubilee

The African Development Bank (AfDB) and the African Development Fund (ADF) are gearing up for a major joint meeting in Nairobi, Kenya, expected to draw around 4,000 participants. The event, taking place at the Kenyatta International Conference Centre in late May, will focus on "Africa's Transformation," a theme reflecting the continent's ongoing pursuit of economic and social development. "Despite progress over the years, Africa's transformation remains incomplete," said Vincent O. Nmehielle...


Big Art Sale Returns to Addis

The annual Big Art Sale returns to Addis Abeba this weekend. Over 100 artists are expected to showcase their original works and prints at the Hilton Addis. What's Out Addis in partnership with the Hilton Hotel is behind the event that showcases the works of over 100 artists. Big Art Sale has been around for the past 18 years showcasing paints and prints. According to organisers, it offers a chance to meet the artists and enjoy a variety of art forms with a dedicated Kids' Corner and food and...