Agency Bags 305m Br in Revenues

Jan 18 , 2020


[ssba-buttons]

The Documents Registration & Authentication Agency (DARA) generated 305 million Br in revenue during the first half of this fiscal year. The Agency generated the revenue from the 521,769 cases it handled in the reporting period. It provides registration and authentication of power of attorney, vehicle and housing sales contracts, and gift contracts among others. The revenue shows a 134 million Br increase from the previous year. At the 10 branches of the Agency, a total of 946,369 people received services. Out of the total revenue, the Agency contributed two-thirds of it to the national treasury. In the reported period, the Agency spent 72.2 million Br in expenses. DARA, which launched an online service last year, was able to provide 228,000 services online, of which the largest was the power of attorney service, which accounted for 183,321 services.


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...