Japan Pledges for School, Hospital

Dec 19 , 2018


[ssba-buttons]

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

State-Owned Enterprises Deliver, But Fund Seeks More from Underperformers

Ethiopian Investment Holdings (EIH), the country's sovereign wealth fund, closed its annual performance review with a mix of strong gains and lingering concerns across its portfolio of state-owned enterprises. Ethiopian Shipping & Logistics led the year with 4.5 million tons of cargo, driving revenues up 90pc and doubling pre-tax profit. Sugar production from Wonji Shoa, Metehara, and Fincha climbed 34.8pc to 163,290 tons, nearly doubling revenues to 15.6 billion Br, though EIH flagged ch...


Radar

MIDROC Cocoa Drive, Local Production Focus on Value Addition

MIDROC Investment Group is placing a bold wager on cocoa in the lowlands of Sheka. Building on extensive trials at the Bebeka Coffee State Farm, the company has introduced globally prized Forastero, Trinitario, and Criollo varieties alongside coffee. "The results are astonishing," said General Manager Beshada Worku, pointing to international prices that range from 8,200 to 14,000 dollars a ton. The project's first phase covers 50 hectares, with 44,000 seedlings already planted. Expansion to ...


Radar

Bureau Maps Out 1,700 Land Rights in a Month

The Rights Registration & Holding Service Directorate under the Bureau of Land Development & Administration prepared over 1,700 landholding certification maps in a single month. The update came during the bureau's July performance review, which measured progress against the upcoming fiscal year's targets. Director Tesfamichael Endale said efforts are being scaled up to give farmers secure land rights and quicker certification. Deputy Head WendwossenBanjaw added that the priority ahead...