Addiction Rehab Centre Launches in Sheger City

May 6 , 2023


A rehabilitation centre that aims to offer people that suffer from addiction a platform to begin the life-long journey has launched in the Lege Tafo district of the newly formed Sheger City. Renascent Mental Health & Rehabilitation Center rests on 600 sqm of land with an investment capital of over 15 million Br. The founder Solomon Tefera (Prof.) is the sole addiction specialist in the country. He dedicated the centre to his late father who passed from alcohol-related complications four decades ago. Alcohol, khat and opioids are cited as the common addictive substances observed by the psychiatrist with sports betting emerging as a rather new phenomenon. "It’s currently surging," he told Fortune. A typical day for patients from dawn to dusk involves an exercise regimen, a group therapy session, a one-to-one with a psychologist and recreational activities like basketball and tennis. The centre accommodates 25 patients at once for 3,000 Br per day with a three-week to three-month stay advised. A nationwide study conducted by the World Health Organization (WHO) and the Ethiopian Public Health Institute in which Solomon was involved seven years ago had indicated that 20pc of men between the ages of 18 and 65 were consuming levels of alcohol deemed dangerous to health. Close to 16pc were found to be regular consumers of Khat while five percent reported daily use of cannabis and cigarettes. At the launch ceremony, Minister of Health Lia Tadese (MD) said the predisposition of citizens to substance abuse has increased in recent years with large volumes of internal displacement and trauma from conflict. "Future generations are at risk," she said. The wide-reaching social impact of addiction was a sentiment shared by Ergoge Tesfaye (phd), the Minister of Women & Social Affairs who urged a nationwide effort to counterbalance the “tearing of social fabrics that arise from substance abuse”.


Radar

Ethiopias Capital Market Sets Sights on Talent Strategy

A new strategy to strengthen the human capital foundation of Ethiopia's emerging capital market is taking shape. Led by FSD Ethiopia in partnership with iCapital Africa Institute and the Nairobi Securities Exchange, the initiative is focused on building the skills, expertise, and institutional capacity needed to support the Ethiopian Capital Market Authority (ECMA). The second round of consultations took place on April 23 at Best Western Hotel, drawing key stakeholders including ECMA Director...


Radar

National Bank Upgrades Core Financial System to Global Standard

The National Bank of Ethiopia (NBE) has officially upgraded the Ethiopian Automated Transfer System (EATS), the country's Real-Time Gross Settlement (RTGS) platform, to align with the ISO 20022 messaging standard, effective March 29, 2025. Handling more than 3.5 million transactions a year worth over five trillion Br, EATS is a critical component of the country's financial ecosystem. It enables real-time, high-value settlements among 35 financial institutions, including commercial banks and m...


Radar

Spice Supply Hits 41,000tns in Nine Months

The South West Ethiopia Coffee, Tea, and Spices Authority has announced that over 41,000tns of spices were supplied to the central market in the first nine months of the current fiscal year, reflecting the region's growing role in the country's spice economy. The region is cultivating spices on more than 90,000 hectares of land, with major contributions coming from turmeric, cardamom, ginger, and black pepper. For the full fiscal year, the authority aims to supply more than 56,000tns of spice...