A report jointly published by First Consult, Matercard Foundation’s Young African Works, and the BRIDGES program explored labor demand and supply dynamics in Ethiopian industrial parks (IP) from 2016-2022.

The document publicized that around 88,000 people were employed by 14 IPs across the nation prior to the COVID-19 epidemic. It is expected that more than 2 million young people enter the workforce each year.

By 2025, the labor force is anticipated to increase to 75.4 million, assuming steady labor force participation.

According to these projections, 14 million new jobs must be created between 2020 and 2025 in order to accommodate both the influx of new workers and the current backlog of unemployed people (at least 2.5 million in 2018).

Labor demand and supply (generated through the system founded by Enterprise Partners in 2018 and continued by the BRIDGES Programme since 2020) across 8 IPs since 2018 -2022 YTD were shown to be 107,140 and 70, 487, respectively.

To read the full report, download the document from First Consult’s official page using the link below.

https://firstconsultet.com/main/single_knowledge/630375eb2e194e722106c8f1
DISCLAIMER

The opinions expresses here in the post "Labor Demand-Supply Gap in Ethiopian Industrial Parks" are those of the individua's contributor(s) and do not necessarily reflect the views of Business Info Ethiopia , BIE Intelligence PLC, its publisher, editor, or any of its other contributors.

Share.

Comments are closed.