City Launches Construction of Adwa Centre

Jul 20 , 2019


[ssba-buttons]

Addis Ababa City Administration has commenced with the construction of Adwa Centre, which commemorates the victory at Adwa, on land repossessed from MIDROC Investment Group. The Centre, which is expected to be completed within two years, will have a museum and a meeting hall that accommodates 2,000 people. It will also have three rooms that can accommodate 400 people, cinema halls, a library, a gymnasium, green areas, a cafeteria, restaurants and parking space. The Chinese construction firm, Jiangsu International Economic & Technical Cooperation Group, will undertake the construction with the budget allocated by the City Administration. The Battle of Adwa was fought on March 1, 1896, near the town of Adwa in Tigray Regional State. Led by Emperor Menelik II, the Ethiopian forces defeated the Italian army.  


Radar

AMG Holdings Breaks Ground on Industrial Rail Link to Ethio-Djibouti Railway

AMG Holdings has launched construction on a 2.5-kilometer railway connecting its Sheger Industrial Park to the Ethio-Djibouti Railway's Endode Station. The Ethiopian-led project comprises 1.7 Kms of main track and 800 meters of side rail. Chief Project Manager Engineer Nigist Hailu said the line is expected to be completed within six months, facilitating the transport of raw materials and finished goods to Djibouti's port. More than 100 local workers have already joined the project, with addi...


Radar

Ethiopian Deposit Insurance Fund Achieves Full Q1 Collection Target

The Ethiopian Deposit Insurance Fund collected 2.08 billion Br in the first quarter of 2025. This meets 100 percent of the target and represents a 26.83 percent increase compared with the same period last year. The rise in premiums was attributed to higher deposits from member financial institutions. To date, the fund has collected a total of 15.93 billion Br in premiums from member institutions, with 14.51 billion Br coming from regular deposits and 1.42 billion Br from interest-free depo...


Radar

Oromia Bank, Ethiopian Airlines Introduce Fly Now, Pay Later via Milkii Digital App

Oromia Bank's Milkii Digital App, launched on May 3, 2025, has introduced a “Fly Now, Pay Later” service that lets customers book Ethiopian Airlines tickets using digital loans, with payments spread over six months after travel with 16.5 interest rate and allows customers to book flights upto 300,000 Br. Developed in collaboration with Ethiopian Airlines, the platform is part of a broader effort to expand digital finance and simplify access to services. The initiative seeks to enhance conven...