A recent report from the Addis Ababa Labor and Social Affairs indicates that there are over 100,000 unemployed people living in Addis Ababa. This is in spite of the fact that many have graduated from colleges and universities or technical and vocational schools.
Sixty thousand of the unemployed are men while 43,148 women are jobless. These figures do not include people who migrate to Addis looking for work.
Among the ten sub-cities Ledeta has the highest number of unemployed at 31,673, Kolefe and Yeka come in second and third at 22,342 and 19,782 people respectively. Kirkos has the lowest number at 10,756.
The report says 43,148 people told the Bureau they got a job recently of whom 21,117 are women. When the registration occurred around 30,000 people were unaccounted for so it is not known if they obtained employment.
Recent research indicated that there is a mismatch of education and training so that many do not have the skills needed to meet the needs of the labor market. Other problems include an unparalleled population growth and availability of jobs, and the high level of migration from rural to urban areas which increase the number of unemployed people in Addis Ababa. Albeit to a lesser extent recently, recruitment culture has also its own share of the blame. Employers’ tendency of ignoring young graduates and their obsession with five plus years of work experience appears for many young graduates terrifyingly intimidating. According to World Bank’s Africa Development Indicators, 81.4% of youths and 43% of adults in Ethiopia worked in the informal sector of which 12.5% of the youth and 49.6% of the adults were self-employed.
According to the International Labor Organization (ILO) currently urban youth unemployment in Ethiopia stands at an appalling 40%. Terrifyingly many of these young Ethiopians who are out of the job market are not only unemployed, but also unemployable due mostly to the poor level of education they have received.
Last year the government approved 10 billion birr in revolving funds to curb unemployment in Ethiopia but the budget faces criticism due to poor utilization.
An estimated half a million recent graduates are unemployed in Ethiopia.

A detailed regulation is being prepared by Develoment Bank of Ethiopia (DBE)to help farmers access agricultural financing in affordable interest rates.
The lease  financing which will incorporate farmers and agricultural equipment  retailers will provide loans for the purchase of  tractors, trailers, harvesters, seeders, fertilizer, sprayers, generators, and other equipment which are needed  to produce agricultural products.
The finance which is expected to begin by the end of this fiscal year is studying the role, and the responsibility of borrowers lenders and government offices in order to ensure that the correct people get the loan.
Esayas Lemma, Crop Development Director at Ministry Of  Agricultural and Natural Resources Capital that the farmers will not be asked for any collateral to obtain the loan.
“The main target of the loan is to reduce unemployment by helping people who work in agriculture. The bank will give the loan to the beneficiaries when they need agricultural equipment for their work and when they buy the machine from here or abroad. The bank will hold the machine’s ownership certificate until the borrower pays off their debt, we think this system will benefit them.”
It is expected that Agri lease financing will be applicable in all regions of the country.
When leasing farm machinery, ownership is retained by the finance lender. Periodic payments are made in the form of lease rentals, which are generally tax deductible. Lease terms vary, but 3-4 years is a common timeframe with a residual value at the end of the term usually 30-50 percent of the purchase price. Responsibility for the sale of machinery at the end of the lease will depend on the lease agreement.
According to Amalia Johnson, co-author of Nathan Associate’s Agricultural Leasing Market Scoping Study for Sub-Saharan Africa, supply, demand and regulatory conditions for agri-leasing in Ethiopia, Ghana, Kenya, Mozambique, Nigeria, Tanzania, Uganda and Zambia offers recommendations aimed at stimulating market growth.
The report highlights that the supply of agri-leasing is constrained by banks’ difficulty pricing the risk of lending to farmers, partly due to poor understanding of their needs and behaviour. Lenders are also concerned that equipment, which acts as collateral for the lease, may not be well maintained. The lack of a developed market for used agricultural equipment also makes it hard to resell equipment after a default. And, while banks and leasing companies are starting to eye agriculture, they make enough profit elsewhere for the sector to be low priority.
In terms of demand, even though agriculture is key to the economy in all countries studied, most smallholder farmers lack knowledge of agri-leasing, or do not work enough land to justify the expense and may not have the skills or motivation to maintain equipment. Typically, only mid- to large-sized farmers or cooperatives can realistically be leased to.

The Ethiopian Dental Professional’s Association, along with Unilever, the manufacturer of Signal toothpaste and toothbrush, celebrated World Oral Health Day for the 4th time in Ethiopia under the theme ‘Say Ahh: think mouth think Health’. The celebration is intended to bring the public together to influence a country wide behavioral change on oral hygiene.
The Association, jointly with Unilever educated 181,468 students in different primary schools in Addis Ababa, Jimma and Mekelle, about the importance of maintaining oral hygiene. The Association in partnership with Signal also took celebrations to two different towns outside of Addis Ababa and educated primary school kids on keeping a healthy mouth.
Free dental checkups and treatment was also offered in partnership with the Addis Ababa University School of Dentistry.