New Hospital Breaks Ground for $300m

Nov 9 , 2019


The Addis Abeba Silk Road General Hospital began giving service last week. Inaugurated by Amir Aman (MD), minister of Health, on November 5, 2019, the Hospital includes operating rooms, training centres, an outpatient department and emergency rooms. The Hospital was constructed for 300 million dollars and took 13 months to finalise. The Hospital was built in partnerships with Chinese investors and is dedicated to improving Chinese and Ethiopian relations under the Belt & Road Initiative. China is mostly involved in the construction industry of the country. There were 400 hospitals in operation as of September of this year. There were 52 hospitals in Addis Abeba as of 2014, 12 of which were state run. With just nine doctors for every 100,000 people, the country also has 16,765 nurses and 1,379 midwives. The number of health posts, health centres and hospitals increased by 16pc, 33pc and 108pc in the first half of this decade, according to the United Nation’s Children Fund (UNICEF). Ethiopia also recently received a hospital in Woliso, a town located 110Km from the capital, which was built for 120 million Br. It was the first public hospital for the town.


Radar

Tech Ministry Falters as Audits Expose Mismanagement, Unmet Ambitions

The Ministry of Innovation & Technology is under scrutiny after an audit revealed lapses in project management and financial oversight. This raised questions about governance standards within a Ministry central to the country's tech-driven growth ambitions. According to the Federal Auditor General, the Ministry has completed only 11pc of its planned projects with its overall financial administration standing at 37.4pc for a year-long project that commenced in 2022. Budget mismanagement an...


Radar

Central Bank Keeps Lending Lid Tight as Inflation Squeezes Economy

The Central Bank has reaffirmed its decision to maintain an 18pc cap on credit growth, reinforcing a commitment to tighter monetary policy during persistent inflation and economic uncertainty. The National Bank of Ethiopia's (NBE) monetary policy committee cited ongoing concerns over inflation, which stood at 19.9pc year-on-year (YoY), and liquidity imbalances as reasons to uphold the restriction on lending. Bankers and analysts interpret this move as evidence of regulators' determination to...


Radar

Ethio Telecom Expands Services with DStv Streaming

Ethio telecom enters the entertainment pool with bundled DStv streaming services through high-speed broadband internet and mobile data packages. The partnership with MultiChoice Ethiopia aspires to merge the telecom's fiber broadband and mobile network with DStv's content. Subscribers can access DStv channels through mobile data or fiber broadband bundles, with discounts of up to 35pc through Telebirr or My Ethiotel (*999#) and up to 26.5pc at sales centers for fiber broadband bundles. Acc...