Hospital Installs Oxygen Machine

Saint Paulos Hospital Millenium Medical College inaugurated an oxygen gas making machine at a cost of 200 million Br. The machine was installed to collect and distribute oxygen to medical rooms at the hospital. The new machine has the ability to supply oxygen to 500 patients and a capacity to fill 100 cylinders in a day. The hospital also projects that it will be able to supply oxygen cylinders to the market. To combact electric power suspension, two generators were installed and a follow-up system on the gas transmission line has been integrated. Saint Paulos was established in 1969 by the Ethiopian government and a German non-governmental organisation. The project is a part of the hospital’s plan to bolster capacity and improve efficiency.


DDR Initiative Gets 16m Boost

A 16 million euro initiative to facilitate the disarmament, demobilisation, and reintegration (DDR) of nearly 370,000 ex-combatants was launched last week. Financed by the European Union (EU) the program will be implemented across eight regional states. It is overseen by the National Rehabilitation Commission (NRC), the agreement was signed at the Ministry of Finance's headquarters on King George St. Key figures including Semereta Sewasew, state minister for Finance; Teshome Toga, commissioner...


Central Bank Launches Youth Enterprise Forum

A financial education program targeting youth and Medium & Small Enterprises (MSMEs) was launched by the National Bank of Ethiopia (NBE) last week. It aims to equip interested trainees with personal and professional knowledge through experts from banks and microfinance institutions who will provide comprehensive training. The training modules, developed in collaboration with The First Consult and BRIDGE, cover several angles of financial literacy, including deposits, digital financial servic...


ArifPay Takes a Leap with Massive Capital Boost

Shareholders of ArifPay Financial Technologies S.C. have taken a significant stride by resolving to raise the company's paid-up capital to 300 million Br. The decision doubles down from the current 140 million Br marking a substantial increase. ArifPay, was established by 142 shareholders and secured the distinction of being the first payment operator licensed by the National Bank in 2021. CEO Bernard Laurendeau emphasised the critical timing of this capital increase, aligning with the company...