Construction of $300m Health Centre Set to Begin

April 10 , 2021


Construction of $300m Health Centre Set to Begin

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.


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Ministry Revokes Hundreds of Mining Concessions

The Ministry of Mines has revoked the licenses of 972 for alleged non-compliance with the terms of their exploration and production permits, and involvement in illicit trade.  Among those on the receiving end of the measure is Kefi Gold, a firm that has been conducting gold exploration in the Western Wellega Zone of the Oromia Regional State for over a decade. The 2,000hct exploration area is estimated to hold deposits of close to 50,000Kg of gold. Last week, the National Bank of Ethiopia ap...


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World Bank, Fed Agree on $715m in Funds to Fight Food Insecurity

The World Bank Group and the Ministry of Finance have signed an agreement for 715 million dollars to go towards fighting food insecurity. Most of the financing (600 million dollars) is earmarked for the implementation of a Food Systems Resilience Programme. A third of the amount is in the form of grants, while the balance is credit. An additional 115 million dollars is pledged for improving access to financial services and bolstering economic activity in pastoralist areas. The areas target...


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DISRUPTION HOPEFULS

Youths checkout a booth at the AddisRupt Expo 2022, which was hosted at Safari Hotel on June 25, 2022. The expo focused on technological and entrepreneurial work, showcasing over 20 startups to visitors. The promoters of the expo aimed at connecting startups with investors and was organized by firms such as LinkUp Addis, Profit Marketing and Afromile Trading...