New Orphanage Comes to Addis

March 9 , 2019


New Orphanage Comes to Addis

A new orphanage, called Qusquam, is being set up in Addis Abeba at a cost of 20 million Br. Zinash Tayachew, wife of Prime Minister Abiy Ahmed (PhD), laid the cornerstone for the building on March 8, 2019. The cost of construction will be covered by her office and Afro-Tsion Construction, which has experience working on large construction projects including the Oromo Cultural Center. The announcement for the construction of the new centre, which will be completed in half a year, will be a substitute for Zewditu Meshesha Children’s & Family Charity & Development Association, which was damaged by a fire three months ago. The new building will have classrooms, a library, a dining hall, training centres and a playground.


Radar

Ministry Revokes Hundreds of Mining Concessions

The Ministry of Mines has revoked the licenses of 972 for alleged non-compliance with the terms of their exploration and production permits, and involvement in illicit trade.  Among those on the receiving end of the measure is Kefi Gold, a firm that has been conducting gold exploration in the Western Wellega Zone of the Oromia Regional State for over a decade. The 2,000hct exploration area is estimated to hold deposits of close to 50,000Kg of gold. Last week, the National Bank of Ethiopia ap...


Radar

World Bank, Fed Agree on $715m in Funds to Fight Food Insecurity

The World Bank Group and the Ministry of Finance have signed an agreement for 715 million dollars to go towards fighting food insecurity. Most of the financing (600 million dollars) is earmarked for the implementation of a Food Systems Resilience Programme. A third of the amount is in the form of grants, while the balance is credit. An additional 115 million dollars is pledged for improving access to financial services and bolstering economic activity in pastoralist areas. The areas target...


Radar

DISRUPTION HOPEFULS

Youths checkout a booth at the AddisRupt Expo 2022, which was hosted at Safari Hotel on June 25, 2022. The expo focused on technological and entrepreneurial work, showcasing over 20 startups to visitors. The promoters of the expo aimed at connecting startups with investors and was organized by firms such as LinkUp Addis, Profit Marketing and Afromile Trading...