FORTUNE+ VIDEO SPONSORED CONTENTS ADVERTORIALS FORTUNE AUDIO Fortune Careers TRADE AFRICA Election 2026 New TIME REMAINING UNTIL ETHIOPIA’S NATIONAL ELECTION 0Days 0Hours 0Minutes 0Seconds




New Hospital Breaks Ground for $300m

Nov 9 , 2019


[ssba-buttons]

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

Freight Forwarders Earn FIATA Diplomas as Sector Eyes Global Stage

The Ethiopian Freight Forwarders & Shipping Agents Association (EFFSAA) has graduated a new cohort of professionals from the internationally recognised FIATA Diploma Programme, bolstering efforts to strengthen Ethiopia's logistics and freight forwarding sector. EFFSAA President Dawit Wubshet (PhD) said the association has trained more than 495 professionals since launching the programme. He noted that EFFSAA is working with international partners to expand digital learning and introduce o...


Radar

Parliament Backs Italian, French Loans for Reform, Infrastructure

Parliament has ratified two loan agreements worth a combined 124.6 million euros with the governments of Italy and France, approving both proclamations unanimously during its second emergency session of the fifth parliamentary term. The larger agreement secures a 70 million euro loan from Italy to provide direct budget support for the government's economic reform agenda. The concessional financing carries a 30-year repayment period, including a 16-year grace period, with no interest or servic...


Radar

Ethio Re Seeks Capital Reset for Regional Expansion

Ethiopian Re-insurance Share Company (Ethio Re) is seeking a strategic capital adjustment to support its next growth phase as it marks a decade of operations. CEO Netsanet Lemessa said the company's capital has quadrupled over the past ten years but has declined in foreign currency value. Established in 2016 as the country's first indigenous reinsurer, Ethio Re has retained more than 90 million dollars in foreign exchange for the economy. Its assets have grown from 82 million Br to 5.3 billio...