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Ethiopia Wants to Create Three Million Jobs in 2019-2020

Ethiopian Prime Minister Abiy Ahmed plans to double the number of jobs created by implementing a reform program that opens the economy to more foreign investment.

The second most populous country in Africa wants to create 3 million jobs from this month against 1.4 million in the previous 12 months, Abiy told legislators in the capital, Addis Ababa. Most jobs will come from small businesses.

While the Ethiopian economy is among the fastest growing in the world and the government estimates that it has grown by 9.2% in 2018-19, at least 11 million people, or about tenth of the population, are unemployed. Some 2 million of them join the labor market each year.

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Since taking office last year, Abiy has embarked on a political and reform agenda that will allow the government to further open the finance, telecommunications and electricity sectors to foreign investment. . Companies like Orange SA and MTN Group Ltd. have expressed interest in the market, while Coca-Cola has announced a $ 300 million expansion plan in the country.

“Our development and growth will be measured by the number of jobs created. Ethiopia is a country of young people, above all they want: modern systems, jobs, clean and comfortable living conditions ,  said Abiy Ahmed.

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