British-Dutch multinational Unilever, a leading player in the consumer goods sector, has announced plans to reduce its workforce starting next month as part of a strategy to maximize profits. The company, which operates in over 190 countries including Ethiopia, currently employs more than 128,000 people globally.
The decision to downsize comes in response to declining profits and an oversaturated employee base. Unilever has been a prominent provider of food, home, and personal care products in Ethiopia since 2015. Sources indicate that the company had signaled its intention to cut staff six months ago, with the reductions set to take effect in December 2024.
This workforce reduction is not limited to Ethiopia; it is part of a broader initiative that will impact employees worldwide. In Ethiopia, the company plans to streamline operations by reducing the number of...
Prime Minister Abiy Ahmed addressed the business community's and experts' concerns over Franco-Valuta's openness policy. Ethiopia will triple Egypt's...
Nuno Samopio, Secretary of State for Foreign Affairs and Cooperation of Portugal, shared insights on the historical significance of Portugal's relationship with Africa and its evolving diplomatic efforts. As Portugal continues to strengthen ties with African nations, particularly those in the Portuguese-speaking community, Samopio emphasized the importance of cultural events and collaborative initiatives aimed at fostering mutual understanding and addressing shared challenges.
During the conversation, he discussed key areas of collaboration outlined in a Memorandum of Understanding with the Economic Commission for Africa, focusing on the blue economy and climate action. Samopio highlighted Portugal's commitment to supporting African nations through innovative financing mechanisms and capacity-building programs, particularly in maritime governance...
In a world increasingly defined by its challenges, the conversation around food sovereignty and sustainable agriculture in Africa has never been more critical. Fassil Gebeyehu, a prominent conservationist and social anthropologist, has dedicated his career to addressing these issues through his role as the General Coordinator of the African Biodiversity Network and as a board member of the Alliance for Food Sovereignty in Africa (AFSA). With a rich academic background, Fassil combines extensive research skills with a deep understanding of the socio-economic dynamics at play in Ethiopia and beyond.
In this interview, we explore the initiatives AFSA is undertaking to promote food sovereignty across the continent, particularly in Ethiopia. We...
The United Nations Economic Commission for Africa (UNECA) invites interested bidders to participate in a closed bid exercise for the sale of Vehicles, IT equipment, Electronics and Accessories. The bid will be sold “as is, where is” without recourse to warranties. A bid with information will be available from 14 October 2024 – 05 November 2024 on UN working hours and days From Monday to Thursday morning time between 9:00 AM to 12:30 PM and 14:00 PM to 17:00 PM and on Friday 9:00AM to 13:00 PM.
Save the Children works towards giving children a healthy start in life, the opportunityto learn, and protection from harm. Our vision: is a world in which every child attainsthe right to survival, protection, development, and participation and our Mission is toinspire breakthroughs in the way the world treats children and to achieve immediateand lasting change in their lives
Writers are set to benefit from the newly launched CrowdPen African Voices Fellowship, a prestigious program designed to empower emerging writers of African heritage. This initiative aims to provide a platform for diverse voices, nurturing the next generation of thought leaders who will shape narratives, spark important conversations, and inspire positive change across the continent.
The CrowdPen African Voices Fellowship...
Elias Sime, a prominent Ethiopian contemporary artist, has garnered attention at the recent Sotheby's auction in London, where his work "Tightrope: Split In Half" was featured among notable pieces by African artists. This auction, held on September 27, showcased a growing interest in African contemporary art, with several works achieving record prices.
Elias’ piece, created in 2017 using reclaimed electronic...
South Africa’s Minister of Mineral and Petroleum Resources, Mr Gwede Mantashe has committed to attend the four-day AOW energy event (https://AOWEnergy.com/) in Cape Town from 7 – 10 October.
AOW: Investing in African Energy brings together industry leaders to develop policy, share discoveries, secure investment, and shape Africa’s energy future. This year’s event will feature more than 1 600 senior delegates, 80 ministers and officials from 70+ countries and representatives of more than 760 companies.
Announcing Mantashe’s confirmed attendance, Chief Executive Officer of Sankofa Events, Paul Sinclair...
On the back of major investments from multilateral finance institution the African Development Bank, The Gambia is poised to increase its electrification rate to 70% – 50% in rural areas – by the end of the year. In the wake of the country’s burgeoning energy sector, The Gambia’s Minister of Petroleum and Energy Nani Juwara will participate as a speaker at this year’s African Energy Week (AEW): Invest in African Energy 2024 conference, which takes place in Cape Town from November 4-8.
The Gambia represents...