Japan Donates Toilet Pans Worth $1m

Feb 20 , 2021


[ssba-buttons]

Japan donated 165,000 SaTo toilet pans worth almost one million dollars for the Urban Productive Safety Net Programme, a national social support initiative for the low-income or disadvantaged segment of the population. The donation is expected to benefit 750,000 people. The pans, which use a mechanical water seal, were donated on behalf of the LIXIL Corporation, a Japanese firm involved in the manufacture of construction materials and housing equipment. Initiated after a rapid sanitation survey, the pans close off pit latrines from the openair, thereby decreasing odours and preventing the transmission of diseases. The donation is part of a four-million-dollar grant from Japan aimed at reducing human-to-human transmission of the Novel Coronavirus (COVID-19). Most of the beneficiaries are residents of Addis Abeba, and the installation of the latrines is expected to be completed at the end of March 2021.


Radar

EthSwitch Sees Record Profit, Expands Digital Payment Reach

EthSwitch, the national switch operator, reported a record 1.4 billion Br gross profit for the fiscal year ending June 2025, a 34pc increase from last year's 1.06 billion Br. The performance was driven by a sharp rise in interoperable transactions, reflecting the country's growing embrace of digital payments. Person-to-person (P2P) transfers led revenue generation with 902.6 million Br, nearly half of total income, followed by ATM transactions contributing 825.1 million Br. Overall revenue cl...


Radar

Lion Bank Delivers Robust Results, Rewarding Shareholders

Lion International Bank S.C. posted a profit before tax of 1.8 billion Br for the last fiscal year, marking a 94pc surge from the previous year. The announcement was made during the bank's General Assembly held last week at the Sheraton Addis Hotel. After provisions and taxes, the bank registered a net profit exceeding 900 million Br, with shareholders earning 27pc per share. Deposits climbed by 23pc to 44 billion Br, up from 35.6 billion Br, while total loans and advances reached 36.2 billio...


Radar

Berhan Bank Lifts Earnings as Reforms Ease Forex Strain

Berhan Bank reported a 28.1pc growth in its latest fiscal year, buoyed by economic reforms and relaxed forex directives. The Bank's total deposits climbed to 44.5 billion Br by June 30, 2025, up 7.6 billion Br from the previous year. Net profit distributed to shareholders rose by 36pc, while total income reached 10.3 billion Br, marking a 61.4pc increase. Interest income accounted for nearly 59pc of total earnings, driven largely by the repeal of the National Bank's 70pc forex surrender rule...