FORTUNE+ VIDEO SPONSORED CONTENTS ADVERTORIALS FORTUNE AUDIO Fortune Careers New TRADE AFRICA New

Fortune Logo

Finance Ministry Signs 71.8B Br Partnership Deals with Private Firms

Jul 3 , 2025

The Ministry of Finance has signed a 71.8 billion Br agreement with private sector partners for seven development projects from housing, tourism to health.

Signed today at the Ministry's headquarters on King George VI St., the agreemens establishe public-private partnerships (PPP) for four housing projects, two tourism destination sites, and one healthcare centre. Finance Minister Ahmed Shide and project representatives were present at the signing.

Key partners include MIDROC Investment Group, Ovid Real Estate, and the Ethiopian Construction Works Corporation.

The housing projects feature the Chaka Housing Development Project, led by Ice Home Development & Construction Plc in partnership with the Ethiopian Construction Works Corporation; additional housing developments will be carried out by Ovid Chaka Housing Development Plc and Ovid Kings Tower Housing Development Plc under the Tiyit Bet Housing Development Project.

The tourism components include the Denbi Lake Lodge Development by Denbi Lake Lodge Plc (a MIDROC company) and the Awash Resort & Spa Development by Awash Falls Resort Plc, under Boston Partners.

In the health sector, an Integrated Diagnostics Service Centre will be developed by a consortium of Cerbalancet, ICL, and Pioneer Diagnostics.

Put your comments here

N.B: A submit button will appear once you fill out all the required fields.



Related Posts

Share This Post
Linkedin
Google+


Most read

Latest News

Editor's pick

Commentaries

The Cost of Capital Is a Public-Health Emergency for Africa

The annual meeting of the World Health Organisation's member states, May's 78th World...

The BRICS+ Should Not Miss the Africa Opportunity

The 10 current BRICS+ members, more than most countries, can empathise with the econo...

Fineline

Leaders of the National . . .

Leaders of the National Election Board are in a charm offensive mood, of a sort. Last week, they organised a rare tour for members of the me...

When the country’s most. . .

When the country's most senior diplomats and envoys return back to their posts after two-week debriefings, they leave behind a point or two...

Editorial

Legal, Policy Volatility Turns Promises into Headwinds

Jul 12 , 2025

Political leaders and their policy advisors often promise great leaps forward, yet th...

Civil Society Feels the Squeeze as Reform Era Unravels

Jul 5 , 2025

Six years ago, Ethiopia was the darling of international liberal commentators. A year...

Soaring Taxes Fail to Plug Holes as Audit Reveals Enduring Waste

Jun 28 , 2025

Meseret Damtie, the assertive auditor general, has never been shy about naming names...

Expanding Federal Budget Tests Limits of Fiscal Discipline

Jun 21 , 2025

A well-worn adage says, “Budget is not destiny, but it is direction.” Examining t...

Gallery

Parliament Approves New Cabinet Members

Oct 6 , 2021

Parliament Approves New Cabinet, Incorporates Opposition Leaders Lawmakers have approved today the nominations of 22 ministers, including three opposition leaders. Two MPs have voted against, while 12 abstained...

2020 in Posterity

Jan 5 , 2021

TIGRAY VOTES DESPITE "NULL & VOID" THREAT

Sep 9 , 2020

IN-PICTURE: LAUREATE'S RECEPTION  

Dec 14 , 2019

PM Abiy Ahmed (PhD) at a Gala Dinner Called for the Awarding of the Félix Houphouët-Boigny Peace Prize

May 6 , 2019

Faces, Voices of Addis Abeba

Apr 26 , 2019

Sunday With Eden

Half a Century of Impact

On a cold Saturday afternoon last week, we gathered to honour a couple who have profoundly shaped both my life and my husband's, not just sp...

Rise Without Ruin

At times, the pursuit of opportunity quietly takes on a ruthless tone. Success begins to feel like a zero-sum game, where someone must lose...

Life Matters

Lessons in Bureaucracy

Navigating bureaucracy often feels like moving through a labyrinth, where logic falters and clarity dissolves. The rules change with bafflin...

The Nuances of Baby Carrying

Each morning, just beyond the compound gates, a familiar image greets the day: a mother walking briskly with her baby snug in a front carrie...