Ethiopia: Govt to Create 1.8 Million New Jobs
The Federal Micro & Small Enterprises
Development Agency (FMSEDA) plans to create 1.8 million job
opportunities this fiscal year. The new target follows the Agency's last
year's performance which exceeded its goal by a whopping 197pc,
creating over 1.2 million jobs.
"The reason for the achievement in job creation is mainly attributed to the expansion of large scale government projects," said a communication officer at the Agency on condition of anonymity.
Out of the total employment opportunity created last year, close to 721,744, constituting 59pc are for permanent employees.
In a bid to reduce the unemployment rate, the government drafted the first Micro & Small Enterprises (MSEs) development strategy in 2004. The strategy focused on linking MSE's with microfinance institutions, aiming to drive down the rate of urban unemployment to less than 20 pc.
However, the urban unemployment, which stood at 12pc in 2004, is now reached 21pc, according to the Central Statistics Agency (CSA).
InEthiopia, micro enterprises have been identified as businesses with the paid-up capital of less than 20,000 Br, while small enterprises have paid-up capital greater than 20,000 Br, but less than 500,000Br.
"The reason for the achievement in job creation is mainly attributed to the expansion of large scale government projects," said a communication officer at the Agency on condition of anonymity.
Out of the total employment opportunity created last year, close to 721,744, constituting 59pc are for permanent employees.In a bid to reduce the unemployment rate, the government drafted the first Micro & Small Enterprises (MSEs) development strategy in 2004. The strategy focused on linking MSE's with microfinance institutions, aiming to drive down the rate of urban unemployment to less than 20 pc.
However, the urban unemployment, which stood at 12pc in 2004, is now reached 21pc, according to the Central Statistics Agency (CSA).
InEthiopia, micro enterprises have been identified as businesses with the paid-up capital of less than 20,000 Br, while small enterprises have paid-up capital greater than 20,000 Br, but less than 500,000Br.
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