Corporation Chips in 16.5m Br for Dine for the Nation

Oct 24 , 2020


[ssba-buttons]

The Industrial Park Development Corporation has contributed 16.5 million Br to Dine for the Nation, a gala dinner hosted by Prime Minister Abiy Ahmed (PhD) to raise funds for the redevelopment of tourist destination sites across three regional states. The contribution comes from the Corporation's management and employees, who have pitched in their one-month salary to the project. In addition to this, the Corporation has also purchased a ticket worth 10 million Br for a dinner seat at the gala. Charging 10 million Br and five million Birr a seat for VVIP and VIP, respectively, Dine for the Nation is aimed at raising three billion Br and is set to be held at the end of next month. The three projects to be developed are found in Gorgora in Amhara Regional State; Koisha in Southern Nations, Nationalities & People’s Regional State; and Wonchi in Oromia Regional State. They are expected to cost six billion Birr.


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...