In the past, Ethiopia had agreed with different Middle East countries to export partially trained human resource in a bid to expand overseas job opportunities for Ethiopian youths. Since July 2024, in addition to the Middle East, Ethiopia has started deploying trained and skilled human resources to European countries.
Accordingly, only in July 2024, some 26,195 citizens had been trained and deployed abroad for work. The active participation of all stakeholders in the sector plays crucial role for the success. The Ministry with stakeholders will continue its efforts to benefit more professional Ethiopians to secure overseas jobs.
Muferihat Kamil, Minister, Labor and Skills
ENDC on finalizing agenda gathering process of Nat’l Dialogue: Spokesperson
The agenda gathering procedure of the National Dialogue process is being finalized in various parts of the country. The process of collecting agendas for the national consultation is under final stage in various states of the country except Amhara and Tigray.
Meanwhile, efforts are being exerted to conduct the agenda collection in the aforestated two states when peace is maintained over time. The ENDC is striving to ensure an inclusive and participatory dialogue so that all parties should be part of the process standing for common goals.
He further stated that Addis Ababa, Gambella and Benshangul Gumuz have finalized the agenda gathering process and submitted the document to the commission.
Tibebu Solomon, Public Relation Head and Spokesperson, Ethiopian National Dialogue Commission (ENDC)
Government to allot 550 billion Birr additional budget to HPR: Ministry of Finance
Following the implementation of the macroeconomic policy reform, the Government of Ethiopia decides to present an additional budget of over 550 billion Birr to be approved by the House of People’s Representatives (HPR) for the 2024/25 budget year.
From the over 550 billion Birr supplementary budget prepared for approval, 240 billion Birr is reserved for social development, mainly targeting low-income citizens. Government takes due considerations to support low-income citizens amid the full implementation of the macroeconomic policy reform.
As a result, the additional budget is set to providing adequate subsidies for citizens with regular income and those supported by developmental safety net programs.
Eyob Tekalign (PhD), State Minister of Finance
Ethiopia’s Macroeconomic Policy guarantees prosperity on firm foundation: Minister
The full implementation of macroeconomic policy in Ethiopia will guarantee national development by creating stable economy. The full implementation of the policy will place the prosperity of the nation on firm foundation.
Preparations have been made during the first and second phases of Homegrown Economic Reform Agenda in order to embark on the full implementation of macroeconomic policy of the country.
The main objective of the policy is to alleviate foreign exchange market fluctuation and paving the way for a stable economy in the short run.
Ahmed Shide, Minister of Finance
NBE starts accepting applications for independent forex bureaus
NBE has begun accepting applications for independent foreign exchange bureaus, in line with the newly appointed Foreign Exchange Directive that became effective in July 29, 2024.
The Independent Forex Bureaus are authorized to engage in the buying and selling of foreign currency cash notes and are allowed to conduct such transactions on the basis of freely negotiated exchange rates with their customers.
Non-resident Ethiopians, or Foreign Citizens of Ethiopian origin are eligible to operate Independent Forex Bureaus. The requirement for obtaining an independent Forex Bureau License, according to Annex 5 of the Foreign Exchange Directive, is fulfilling the minimum capital requirement of Birr 15 million. S/he must be able to provide a Security Deposit of Birr 30 million to be deposited in a blocked account at any bank.
The National Bank of Ethiopia (NBE) announced this Thursday
THE ETHIOPIAN HERALD SATURDAY 10 AUGUST 2024
