Premier Inaugurates Jimma Hospital, Park

Dec 10 , 2018


[ssba-buttons]

The first phase of the Jimma Industrial park was inaugurated yesterday with the presence of Prime Minister Abiy Ahmed (PhD), President of Djibouti Ismael Omar Guelleh and President of Sudan Omar Hassan Ahmad al-Bashir. The government invested 70.3 million dollars and took a year and a half to finalize the first phase of the park, which rests on half of the 150ha park. “The project was supposed to be completed in nine months,” said Lelise Neme, CEO of the Industrial Parks Development Corporation. “But as the settling compensation for the residents took longer than planned, the project was delayed.” Of the nine sheds that are built, the Corporation has already contracted half of them to an Indian garment company, according to Lelise. The city also inaugurated a teaching hospital and stadium worth 1.5 billion Br. While the industrial park is expected to create jobs for 12,000 people when it is running at full capacity, the hospital is expected to serve 20 million people residing around Jimma.


Radar

State-Owned Enterprises Deliver, But Fund Seeks More from Underperformers

Ethiopian Investment Holdings (EIH), the country's sovereign wealth fund, closed its annual performance review with a mix of strong gains and lingering concerns across its portfolio of state-owned enterprises. Ethiopian Shipping & Logistics led the year with 4.5 million tons of cargo, driving revenues up 90pc and doubling pre-tax profit. Sugar production from Wonji Shoa, Metehara, and Fincha climbed 34.8pc to 163,290 tons, nearly doubling revenues to 15.6 billion Br, though EIH flagged ch...


Radar

MIDROC Cocoa Drive, Local Production Focus on Value Addition

MIDROC Investment Group is placing a bold wager on cocoa in the lowlands of Sheka. Building on extensive trials at the Bebeka Coffee State Farm, the company has introduced globally prized Forastero, Trinitario, and Criollo varieties alongside coffee. "The results are astonishing," said General Manager Beshada Worku, pointing to international prices that range from 8,200 to 14,000 dollars a ton. The project's first phase covers 50 hectares, with 44,000 seedlings already planted. Expansion to ...


Radar

Bureau Maps Out 1,700 Land Rights in a Month

The Rights Registration & Holding Service Directorate under the Bureau of Land Development & Administration prepared over 1,700 landholding certification maps in a single month. The update came during the bureau's July performance review, which measured progress against the upcoming fiscal year's targets. Director Tesfamichael Endale said efforts are being scaled up to give farmers secure land rights and quicker certification. Deputy Head WendwossenBanjaw added that the priority ahead...