Premier Inaugurates Jimma Hospital, Park

Dec 10 , 2018


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

Abyssinia Bank Strategic Moves Pay Off, Driving Profit Growth

The Bank of Abyssinia (BoA) enjoyed another profitable year, amassing 4.23 billion Br net profits, an increase of 10.5pc from last year. The Bank announced total assets of 222.3 billion Br, surging by 17.3pc. Total deposits mobilised through the year climbed by 33.97 billion Br to 192.51 billion Br, while loans and advances reached 167.7 billion Br. However, the bank exhibited a nominal decline in its foreign currency earnings totalling 424 million dollars. Earnings per share also showed a ma...


Radar

$100m Project Mulls Public Transportation Make-Over

A 100-million-dollar project aims to manufacture over 5,000 diesel-powered and electric public transport vehicles for the capital. The proposed project was launched hoping to replace the ageing vehicles and improve safety, efficiency and quality across the city's urban transport system. Last week saw an MoU inked between executives of Multiverse Enterprise Plc and Addis Abeba Minibus Associations and was held at Vamdas Entertainment near Megenagna. The agreement includes plans to replace 15,000...


Radar

Safaricom Soars with 6.1 million Customers

Safaricom Ethiopia reported significant commercial growth in the first six months of the 2025 fiscal year (April to September 2024), with notable increases in both mobile (GSM) and M-PESA services. The company's network and services reached a population coverage of 46pc, growing from 30pc in the previous year. This expansion was supported by the addition of over 1,000 network sites, bringing the total to more than 3,000 across the country. Safaricom Ethiopia saw a surge in its customer base,...


Back
WhatsApp
Telegram
Email