The fifth World Leather Congress and International Union of Leather Technologists and Chemists Society IULTCS is set to feature Skylight Hotel in Addis Ababa, from November 1 to 5, 2021. Ethiopia was picked for the event, after fulfilling various requirements among interested peer African countries. The annual episode was skipped in 2020, due to covid19.

A draft proclamation intended to establish a new institution that will train, certify and regulate stock market experts is submitted to the Attorney General. Ethiopia is currently finalizing preparations to establish stock market for the first time.

Africa needs to create 60 million jobs in post covid19, annually, in a bid to clear the backlogs, according to Vera Songwe, Executive Secretary of the Economic Commission for Africa (ECA). She stressed on Africa’s recovery during the ministerial meeting of Lamu Port-South Sudan-Ethiopia-Transport (LAPSSET), in Addis Ababa, where the three states signed agreement to form a steering committee.

The Ministry of Labor and Social Affairs has finalized the crafting of a regulation that introduces minimum wage in the labor market in Ethiopia, in a bid to reinforce low incomers. A board of 40 members will be established to set minimum wage in proportion to accommodate inflation.

Electronic tax payment system dubbed e-tax is launched, in a bid to enable businesses to pay tax online. The Ministry of Revenue has signed agreement with five banks that includes Birhan International Bank, Dashen, Commercial Bank of Ethiopia, United Bank, and Awash International Banks, today at Hyatt Regency Hotel. Other banks are expected to follow suit.
e-tax is developed by Derash, a platform formed under the Information Network Security Agency (INSA). The system is highly expected to reduce taxpayers’ strains and queues while paying tax physically, at the ministry’s branches.

The Ethiopian government announced Eritrean troops are leaving the Tigray region of Ethiopia, after participating in Ethiopia’s military operation against the outlawed Tigrayan People’s Liberation Front (TPLF).

Zamzam Bank SC has started operation naming its first branch Alif, located around Wollo Sefer, Bole district in Addis Ababa. Zamzam has become the first full fledged non-interest bank to operate in Ethiopia. The grand inauguration ceremony today was attended by Yinager Dessie, governor of central bank of Ethiopia, and Grand Mufti Haji Idris, among others.

The first telecom engineering training center dubbed Huawei-AAU ICT Practice Center is launched inside Addis Ababa Institute of Technology, in partnership between AAU and Huawei Ethiopia. The center targeted capacitating over 2,000 engineers and instructors over the coming three years span.

The Ethiopian Ministry of foreign Affairs called the decision ‘ill-advised measure to unnecessarily overshadow the elections’, in a statement released on May 24, 2021. US president Joe Biden’s administration restricted economic and security assistance to Ethiopia, followed by visa restrictions on Ethiopian and Eritrean officials in relation with the six months military
operation in Tigray region of Ethiopia.