Ethiopian private and government workers to save 5% of their salaries. Employers to contribute 11%.

In an attempt to encourage domestic saving and investment, Ethiopian government is set to introduce private sector social security scheme.

As of January 2011, all employees in the private sector are obliged to save 5 percent of their salaries while their employers will contribute 11 percent, which will go to provident fund account of the companies. more on NewbsinessEthiopia.com