Medical Schools Foresee $300,000 Worth Equipments

Feb 18 , 2023


Health professionals will have the adequate tools to train as more than 650 pieces of medical equipment including autoclaves, microscopes, intubation kits and resuscitation machines make their way. USAID through its Health Workforce Enhancement Program activity provided laboratory equipment worth 300,000 dollars to 28 medical and health sciences colleges. An estimated 40,000 students currently enrolled in several Health Sciences Education Programs nationwide will benefit from the learning equipment. It was handed over at an event held at Menelik II Health Science College in Addis Abeba last week in the attendance of Minister of Health, Lia Tadesse (MD), Director General for Higher Education Academic Affairs, Eba Mijena (MD), and USAID/Ethiopia's Health Office Director, Jonathan Ross. The event highlighted how existing students and staff have used lab equipment previously donated by USAID's Human Resources for Health Project. USAID representative said the long-term investment in Ethiopian health professionals will continue with USAID providing more than 1.8 billion dollars in development and humanitarian aid last year.


Radar

Electricity Bills Get the VAT Jolt

The new Value Added Tax (VAT) has begun implementation on electricity consumption and various service fees affecting customers who use more than 200 kilowatt hours of electricity per month. Based on a directive from the Ministry of Finance, the tax will be applied to the excess amount of electricity consumption above 200 kilowatt hours. The Ethiopian Electric Utility (EEU) began implementing the VAT on bills starting from November though both prepaid and postpaid customers will have to pay V...


Radar

Gadaa Bank Expands Reach, Faces Lending Constraints

Gadaa Bank closed its first full fiscal year of operations with a net profit of 90.2 million Br. The 18-month-old Bank held its annual general assembly at Millenium Hall on Africa Avenue last week where the board announced that during the year, the Bank opened 15 branches and now has 85 operational branches. “Due to recently enacted policy measures on credit by NBE and unmet resource mobilization during the fiscal year, the Bank was unable to make loan disbursements,” stated Wolde...


Radar

Oromia Bank's Branch Expansion Weighs on Profits

Oromia Bank reported a 47pc decline in net profit to take in 840.9 million Br for the past fiscal year. Interest income grew by 21pc to reach 7.19 billion Br while personnel expense grew by 36pc to hit 3.16 billion Br. The opening of 72 new branches, bringing the total to 575, led to a four percent growth of deposits to 56.4 billion Br. The profits are “unsatisfactory against our ambitious moves,” said Assefa Seme (PhD), board chairperson. “The deviation is primarily attributed to our aggr...