Japan Pledges for School, Hospital

Dec 19 , 2018


The government of Japan has pledged 452,000 dollars for the construction of schools and equipment for medical emergency centres. The projects will benefit weredas in Southern Nations, Nationalities & Peoples’ and Oromia regional states. The project is set to construct and expand four primary schools in these regional states. Also, the finance will be used to construct a shelter for elderly and disabled people in Shashemene town, south of Addis Abeba, and to procure equipment for the urology and emergency departments at Black Lion Hospital. The construction and expansion of the schools are in areas where access to education is very low, which will go a long way in assisting the government’s effort, according to Erstu Yirdaw, Sports Commissioner. Japan has been assisting Ethiopia in more than 400 projects across several sectors including education, access to clean water and economic development since 1996.


Radar

Abyssinia Bank Strategic Moves Pay Off, Driving Profit Growth

The Bank of Abyssinia (BoA) enjoyed another profitable year, amassing 4.23 billion Br net profits, an increase of 10.5pc from last year. The Bank announced total assets of 222.3 billion Br, surging by 17.3pc. Total deposits mobilised through the year climbed by 33.97 billion Br to 192.51 billion Br, while loans and advances reached 167.7 billion Br. However, the bank exhibited a nominal decline in its foreign currency earnings totalling 424 million dollars. Earnings per share also showed a ma...


Radar

$100m Project Mulls Public Transportation Make-Over

A 100-million-dollar project aims to manufacture over 5,000 diesel-powered and electric public transport vehicles for the capital. The proposed project was launched hoping to replace the ageing vehicles and improve safety, efficiency and quality across the city's urban transport system. Last week saw an MoU inked between executives of Multiverse Enterprise Plc and Addis Abeba Minibus Associations and was held at Vamdas Entertainment near Megenagna. The agreement includes plans to replace 15,000...


Radar

Safaricom Soars with 6.1 million Customers

Safaricom Ethiopia reported significant commercial growth in the first six months of the 2025 fiscal year (April to September 2024), with notable increases in both mobile (GSM) and M-PESA services. The company's network and services reached a population coverage of 46pc, growing from 30pc in the previous year. This expansion was supported by the addition of over 1,000 network sites, bringing the total to more than 3,000 across the country. Safaricom Ethiopia saw a surge in its customer base,...


Back
WhatsApp
Telegram
Email