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Hosanna City Initiates Project to Improve Sanitation Infrastructure


Hosanna City Initiates Project to Improve Sanitation Infrastructure

Hosanna City has initiated a comprehensive sanitation project valued at over 534 million Br, focused on enhancing hygiene standards, modernising infrastructure, and mitigating water-related health risks. The project was officially launched by Central Ethiopia Regional President Dr. Endashaw Tasew and Water and Energy Minister Dr. Habtamu Itefa. Funding is provided by the Italian government in collaboration with regional contributions. Under the oversight of the Ministry of Water and Energy, the initiative is set to improve environmental health, transform Hosanna into a clean and sustainable urban centre, and generate employment opportunities for local youth. Officials have committed to ensuring the project's timely completion and delivering long-term benefits to residents. This endeavour represents a significant advancement in Ethiopia’s broader goals for urban sanitation and development.

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Customs Authorities Intercept Major Alleged Contraband Shipment Worth 422 Million Br

The Customs Commission seized alleged contraband goods worth more than 422 million Br during inspections conducted between June 25 and June 30, 2026. The haul included clothing, electronics, ammunition, construction materials, coffee, vehicle spare parts, cosmetics, khat, narcotics, minerals, livestock and foreign currency. The Addis Abeba Airport, Moyale and Awash customs branches recorded the largest seizures, valued at 115 million Br, 93 million Br and 61 million Br, respectively. Authorit...


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Hijira Bank Posts Record Growth as Assets Reach 31.45 Billion Br

Hijira Bank posted 3.55 billion Br in income in 2025/26, exceeding its combined earnings over the previous four years, while gross profit reached 1.9 billion Br. Assets rose 115pc to 31.45 billion Br, deposits doubled to 24 billion Br, and capital increased 202pc to 7.45 billion Br. Digital transaction value surged 86pc to 41.72 billion Br, foreign currency earnings reached 158 million dollars, and total banking transactions hit 615.39 billion Br. The bank also disbursed 1.5 billion Br in col...


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Gadaa Bank Offers One Million Shares to Public Investors

Gadaa Bank has offered one million shares to the public at 1,050 Br per share following approval from the Ethiopian Securities Exchange (ESX) on June 22, 2026. The share sale keeks to expand the bank's capital base and strengthen shareholder value. The offering will run until September 17, 2026, and is open to existing shareholders and new investors who meet ESX requirements. It is open to existing shareholders and new investors who meet ESX requirements...