Qatar to Build Kidney Hospital

Aug 24 , 2019


[ssba-buttons]

The Qatar Fund for Development (QFFD) has pledged to build a kidney treatment hospital in Ethiopia. QFFD will build the hospital based on the agreement that was previously reached between the leaders of the two nations. An Ethiopian delegation led by Ambassador Tebeje Berhe, director of Middle East Affairs at the Ministry of Foreign Affairs, held talks with heads of the Fund on ways of commencing with the construction of the health facility. The project will be undertaken in two phases, and 18 million dollars has been allocated for the first phase, which includes the construction of a building and the training of professionals. There are nine doctors for every 100,000 people in Ethiopia. For 400 hospitals in the country, there are only 9,182 doctors, 16,765 nurses and 1,379 midwives.


Radar

Ethiopia, IFAD Sign 69.2m Dollar Deal to Promote Lowland Resilience

The Ethiopian Government and the International Fund for Agricultural Development (IFAD) have signed a 69.2 million dollar grant agreement to implement Phase II of the Lowland Livelihoods Resilience Project (LLRP II). The grant agreement was signed by Finance Minister Ahmed Shide and IFAD President Alvaro Lario. The project targets climate resilience and improved livelihoods for three million people in pastoral and agro-pastoral communities. Co-financed by the World Bank, LLRP II covers eight reg...


Radar

NBE Expands Diaspora Warning Over Unlicensed Remittance Firms

The National Bank of Ethiopia (NBE) has issued an expanded public warning targeting unlicensed remittance operators abroad, flagging four U.S.-based companies it says are undermining Ethiopia's financial regulations. The warning includes newly disclosed findings and specific cases that underscore growing concerns about illicit cross-border financial activity. Remittance flows remain a vital lifeline for Ethiopia's economy, supporting households and supplying critical foreign currency. But as...


Radar

Stricter Standards Unveiled for Public Auditors, Accounting Firms

The Accounting & Auditing Board of Ethiopia (AABE) has issued a new directive aimed at strengthening oversight and professional standards in the accounting and auditing sector. Grounded in the Financial Reporting Proclamation, the directive addresses long-standing regulatory gaps while preparing the sector for the country's emerging capital market. Key provisions introduce stricter licensing standards for public auditors, professionals permitted to audit public interest entities. Applican...