Items filtered by date: Monday, 02 October 2017

Addis Ababa October 02/2017 Ethiopia has launched today a National Employment Policy and Strategy (NEPS) which aims to ensure that full, productive, and freely chosen decent employment is promoted in the country.

Minister of Labour and Social Affairs Abdulfetah Abdulahi told ENA that the National Employment Policy and Strategy will alleviate problems of unemployment, help eradicate poverty, and address labour related issues in the country.

The policy prioritizes decent employment opportunities, improving labour market information and employment services, creating enabling environment that facilitates transition from informal to formal economy, maintaining industrial peace, and other cross-cutting issues for employment creation.

The Minister added that the policy will also play critical role in facilitating effective employment environment for employees and employers.

Besides, it gives particular attention to people with disabilities and women by adopting practical and supportive strategies that ensure equal participation in labour market and income generation activities.

A National Employment Council (NEC) that evaluates and monitors the implementation of the policy at all levels will be established soon by persons from the relevant sectors, Abdulfetah revealed.

He urged all stakeholders to contribute their share in implementing the policy and strategy effectively.

The National Employment Policy and Strategy was endorsed by the Council of Ministers in April, 2016.

Published in Social

addis ababa October 02/2017 A National Financial Inclusion Strategy that envisions providing universal access through innovative and convenient channels was unveiled today by the National Bank of Ethiopia (NBE).

Despite the significant expansion of the financial sector in Ethiopia, only 22 percent of adults have account in regulated financial institutions as compared to 34 percent of Sub-Saharan Africa. The strategy plans to give access to 60 percent adults by 2020.

National Bank of Ethiopia Governor, Teklewold Atnafu attributed the low performance in the sector to lack of finance and related infrastructures, community awareness and financial security, low quality of products and services.

The National Financial Inclusive Strategy is expected to address the problems by expanding financial infrastructures, mobile banking, and money transfer technologies.

The Governor said the strategy is a turning point for realizing financial products and services nationally.

Deputy Prime Minister Demeke Mekonnen said it is difficult to think of universal change in financial inclusiveness without inclusive financial products and services in the country.

The strategy is paradigm shift in the financial sector as it is aimed at effectively addressing the gaps in quality financial product and services, he added.

All concerned bodies should collaborate for the successful accomplishment of the objectives of the strategy, Demeke stressed.

The strategy approved by the Council of Ministers last year is prepared by the National Council for Financial Inclusion with the financial support of World Bank.

Published in Economy

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