Construction of $300m Health Centre Set to Begin

Apr 10 , 2021


The construction of a multi-facility healthcare centre near the Gerji area with the capacity of admitting up to 1,100 patients at a time is underway. Senior government officials, including Prime Minister Abiy Ahmed (PhD), launched the Roha Medical Campus during a ceremony last Saturday. Promoters of the project plan to raise 300 million dollars to see through its completion when construction is completed in five years. The centre will have five separate hospitals and provide advanced medical and surgical specialties, including organ transplant procedures. Roha Group Inc is a US-based investment firm with an extensive portfolio in Ethiopia. Roha also owns Ethio Lease, an equipment-leasing company, and Raxio Data Centre, which launched construction at the Addis Abeba ICT Park earlier this year.


Radar

Abyssinia Bank Strategic Moves Pay Off, Driving Profit Growth

The Bank of Abyssinia (BoA) enjoyed another profitable year, amassing 4.23 billion Br net profits, an increase of 10.5pc from last year. The Bank announced total assets of 222.3 billion Br, surging by 17.3pc. Total deposits mobilised through the year climbed by 33.97 billion Br to 192.51 billion Br, while loans and advances reached 167.7 billion Br. However, the bank exhibited a nominal decline in its foreign currency earnings totalling 424 million dollars. Earnings per share also showed a ma...


Radar

$100m Project Mulls Public Transportation Make-Over

A 100-million-dollar project aims to manufacture over 5,000 diesel-powered and electric public transport vehicles for the capital. The proposed project was launched hoping to replace the ageing vehicles and improve safety, efficiency and quality across the city's urban transport system. Last week saw an MoU inked between executives of Multiverse Enterprise Plc and Addis Abeba Minibus Associations and was held at Vamdas Entertainment near Megenagna. The agreement includes plans to replace 15,000...


Radar

Safaricom Soars with 6.1 million Customers

Safaricom Ethiopia reported significant commercial growth in the first six months of the 2025 fiscal year (April to September 2024), with notable increases in both mobile (GSM) and M-PESA services. The company's network and services reached a population coverage of 46pc, growing from 30pc in the previous year. This expansion was supported by the addition of over 1,000 network sites, bringing the total to more than 3,000 across the country. Safaricom Ethiopia saw a surge in its customer base,...


Back
WhatsApp
Telegram
Email