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Ethiopian Employers’ Federation (EEF) and Ethiopian Employers’ Confederation (EEC) were united by the Ministry of Labour and Social Affairs (MOLSA). Ethiopian Employers’ Federation was established 20 years ago which makes it 19 years older than the confederation. Since the latter’s establishment, the two employers’ rights advocates were in a dispute over the seizure of power by leaders of the employers’ associations and the federations.

Labor Ministr Dr. Hirut Woldemariam said, “The split has created inconvenience for the operation of the government. By unifying the two institutions, we aspire to have a strong employers’ confederation.”

EEF’s President, Ato Tadele Yimer and EEC’s President, Ato Getahun Hussien signed the agreement. The new confederation will start operation within fifteen days.

Source: Addis Fortune

Ethiopian Enterprise Development (EED) distributed loans totaling Birr 1.1 billion within the first half of this fiscal year to boost the capacity of enterprises. EED was also able to create employment opportunities for 13,774 individuals by establishing 1,647 new enterprises during the same period.

The Ethiopian Enterprise Development (EED) has disbursed over Birr 5.3 billion in operating loans to 712 small and medium-sized manufacturing enterprises in the first six months of the 2024/25 fiscal year. This financial support has contributed to the creation of 60,320 jobs within the sector during the same period.

The Ethiopian Enterprise Development (EED) released its performance report for the nine months of the 2023/24 fiscal year. The report highlights achievements in export generation, import substitution, and job creation within the manufacturing sector.

Ethiopian Enterprise Development announced significant achievements in the past six months of the fiscal year, including the establishment of 1,493 small and medium industries, securing USD 17 million in exports, and generating 74,000 jobs.