Southern Nations, Nationalities and Peoples’ State (SNNPS), one of the states in Ethiopia under the federal arrangement, disclosed it is ready to create job opportunities for 600,000 unemployed people.
Southern Nations Nationalities and Peoples’ State (SNNP) Culture and Tourism Bureau disclosed the state has been visited by more than 1 million tourists from abroad as well as Ethiopia in the just concluded fiscal year.
Southern Nations’, Nationalities’, and Peoples’ Region (SNNPR) licensed 96 investors who collectively had Birr 9.3 billion capital during the first half of the current fiscal year. The investors are currently engaged in agriculture, service, and industry sectors.
The Regional State was also able to create job opportunities for 200 thousand citizens. It is expected that the newly licensed 96 companies will employ 46 thousand citizens when they become fully operational.
Source: Ethiopian News Agency
Private Organizations Social Security Agency (POSSA) disclosed it made a 26.9 million Birr profit during the past six months of Ethiopia’s fiscal year. The Agency’s plan was to earn 24.4 million Birr which means its performance it has met its target by 110 percent.
Somali Micro Finance, which is known for its mobile finance service called Hello Cash, transforms into a bank named Shabelle. The bank is formed with a capital of more than Birr 500 million.
Somali Micro Finance was established in 2011. It is the third micro finance institution in Ethiopia to evolve into a bank following Oromia Credit and Saving Institution and Amhara Credit and Saving Institution. Shabelle Bank conducts all its operations under the principles of Islamic Banking.
Source: Fana BC
Additional source: Shebelle Bank
