Council Collects Close to 169m Br in Three Months

Nov 9 , 2019


[ssba-buttons]

The Office of National Council for the Coordination of Public Participation on the Construction of Grand Ethiopian Renaissance Dam has collected close to 169 million Br from the public in the last three months. ‘‘The construction of the Dam is going well, along with the continued involvement of the public," said Hailu Abraham, public relations director at the Office of National Council. The public has contributed about 13 billion Br and over 6.2 billion Br in bonds have been repaid so far. "The public commitment is steadfast as it ever was," Hailu said. The Office of National Council was able to collect 970 million Br last year and is now working to collect one billion Br this year. Change of leadership in some of the regional offices resulted in low public mobilisation to meet the expected target of collecting 100 million Br every month.


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...