New Hospital Breaks Ground for $300m

Nov 9 , 2019


[ssba-buttons]

The Addis Abeba Silk Road General Hospital began giving service last week. Inaugurated by Amir Aman (MD), minister of Health, on November 5, 2019, the Hospital includes operating rooms, training centres, an outpatient department and emergency rooms. The Hospital was constructed for 300 million dollars and took 13 months to finalise. The Hospital was built in partnerships with Chinese investors and is dedicated to improving Chinese and Ethiopian relations under the Belt & Road Initiative. China is mostly involved in the construction industry of the country. There were 400 hospitals in operation as of September of this year. There were 52 hospitals in Addis Abeba as of 2014, 12 of which were state run. With just nine doctors for every 100,000 people, the country also has 16,765 nurses and 1,379 midwives. The number of health posts, health centres and hospitals increased by 16pc, 33pc and 108pc in the first half of this decade, according to the United Nation’s Children Fund (UNICEF). Ethiopia also recently received a hospital in Woliso, a town located 110Km from the capital, which was built for 120 million Br. It was the first public hospital for the town.


Radar

Construction Sector Faces 'Serious Trouble,' Minister Warns

The construction industry in Ethiopia is in "serious trouble," said Chaltu Sani, Minister of Urban & Infrastructure Development, citing major challenges with finance, competitiveness and material costs. Speaking at the opening of the BIG 5 Construct Ethiopia expo and the inaugural East African Infrastructure & Water Expo at Millennium Hall last week, Chaltu stressed the need for concerted efforts from government, private sector, and international partners to support the 67 billion dol...


Radar

Wegagen Bank, Gift Real Estate Partner to Promote Diaspora Homeownership

Wegagen Bank S.C. and Gift Real Estate Plc. signed a Memorandum of Understanding (MoU) on June 23, to offer housing loans for homebuyers, with a special focus on the Ethiopian diaspora. The agreement enables eligible diaspora members to access loans covering up to 80pc of a home's value at reasonable interest rates. The bank's Deputy CEO Kidane Gebreselassie noted the deal will promote the real estate sector and expand homeownership options. Founder and CEO of Gift Real Estate, Gebreyesus Igata...


Radar

Jimma University Signs Sports Science Agreement to Strengthen National Programmes

Jimma University has signed a four-party Memorandum of Understanding (MoU) with the Ethiopian Academy of Sciences, Derartu Tulu Sports Training & Research Institute, and the Oromia Youth & Sport Bureau to advance Ethiopia's sports science and training capacity. Signed on June 26, the agreement includes joint research, shared facilities, and hosting of national and international competitions. It is expected to strengthen youth development, public health, and national pride through coor...