Ethiopia Targets 5.6 Million Jobs in 2025/26, Expands Overseas Employment Opportunities
Ethiopia Targets 5.6 Million Jobs in 2025/26, Expands Overseas Employment Opportunities
The target is a core component of the government's national development strategy for the 2018 Ethiopian fiscal year, which focuses on economic growth and social stability, local media reported.
The plan encompasses both domestic initiatives and expanded overseas employment programs, according to Dr. Fitsum Assefa, Minister of Planning and Development.
Key strategies include providing support to 429,175 micro and small enterprises, which are seen as vital employment drivers, and facilitating access to finance through 48 billion birr ($351.7 million) in loans for these businesses.
🟠To bolster overseas employment, Ethiopia aims to increase the number of recipient countries for its labor from five to eight. Of the 5.6 million total new jobs, 800,000 are projected to be overseas placements.
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