Japan Backs Primary School Expansion

Feb 27 , 2021


[ssba-buttons]

A primary school expansion project, built with 100,000 dollars in support from Japan, was inaugurated in Gunchire, Gurage Zone in the Southern Nations, Nationalities & Peoples' Regional State. The expansion, which included two fully-furnished classroom blocks with four classrooms each, was fully funded through Japan's Grant Assistance for Grassroots & Human Security Projects (GGP). Japanese Ambassador Ito Takako, along with the mayor of Gunchire Town, attended the inauguration ceremony for the expansion, which included a latrine block, a water tank, and a hand washing facility. The additional facilities for the primary school are expected to accommodate 400 students, nearly double its previous capacity. First introduced in 1989, the GGP has implemented 400 projects in education, water supply, health services and other basic human needs. Last month, Japan granted 2.8 million Br through the GGP for the expansion of a garment training centre at Selam Children's Village, a nonprofit organisation.


Radar

Nib international Bank Faces Heavy Hit from Forex Revaluation, Pays 348 Million Br in Penalties

Nib International Bank S.C. (NIB) has reported a significant loss of 2.9 billion Br, primarily due to extraordinary foreign exchange revaluation losses, this past Saturday, during its annual shareholders meeting at the Millennium Hall on Africa avenue, Airport Road. The bank faced substantial penalties amounting to 348.4 million Br. These penalties included a 251 million Br fine for liquidity shortages and a 97.4 million Br charge for violations related to Real-Time Gross Settlement (RTGS) payme...


Radar

Railway Network Upgrade Positioned as Engine of Economic Transformation

The National Railway Business Summit took place at Skylight Hotel on October 21, 2025, signalling a historic step in modernising its railway network as a foundation for national development and regional connectivity. Government officials, industry leaders, investors, and experts from around the world convened to discuss infrastructure expansion, financing models, and technology adoption. Asma Redi, chief portfolio director at Ethiopian Investment Holdings, noted that the Ethiopian Railways Co...


Radar

Gold Prices Ease After Recent Surge

The price of gold, which surged sharply in recent weeks, has started to decline in the current selling market. Over the past 15 days, 21-carat gold has traded between 24,000 and 25,000 Br per gram for imported products and around 21,000 Br for local gold. Imported 18-carat gold sold for 21,000 Br, while local 18-carat pieces were priced at 19,000 Br. Traders note that the recent increase was twice as high as typical fluctuations, attributing the spike to export patterns from Arab countries. ...