FORTUNE+ VIDEO SPONSORED CONTENTS ADVERTORIALS FORTUNE AUDIO Fortune Careers TRADE AFRICA Election 2026 New TIME REMAINING UNTIL ETHIOPIA’S NATIONAL ELECTION 0Days 0Hours 0Minutes 0Seconds




Dessie Hospital Rehab Revives as First Delivery Arrives

Dec 4 , 2022


[ssba-buttons]

The public hospital in Dessie, 400Km north of the capital in the Amhara Regional State, is beginning to crawl to its regular operations as the first delivery of rehabilitation works was delivered last week. Expertise France, a French public agency, is carrying out the work with five million euros financed by the French government and the European Union (EU). The handover ceremony was attended by representatives from the Ministry of Health, Rémi Marechaux and Roland Kobia, ambassadors of France and the European Union. The Hospital provides services to nearly half a million patients annually, including those travelling from the neighbouring Tigray and Afar regional states. It is among the largest in the country, with over 1,000 health professionals working. It has seen services interrupted as its facilities and equipment suffered damage due to the militarized conflict raging in the north. The Hospital has been operating at less than half its capacity and suffers from damaged x-ray machines and microscopes. Hospital administrators estimate the losses at 2.1 billion Br. According to the French agency, this first delivery will provide the Hospital with the necessary equipment to relaunch primary health care. The Agency experts determined that the Hospital requires a new wastewater treatment plant and water supply system, as well as electrical repairs and machinery supplies. Expertise France floated tenders two months ago for medical equipment supply and to hire a construction firm for construction works.


Radar

Tariff Reform Powers EEP Revenue to 119 Billion Br

Ethiopian Electric Power (EEP) collected 119 billion Br in revenue during the 2025-2026 fiscal year, up 57.8pc from the previous year, while recording a gross profit of 39.5 billion Br. The performance comes as EEP faces public scrutiny over a multi-year electricity tariff reform. EEP achieved 92pc of its 129.8 billion Br revenue target. It attributed the performance to improved revenue collection systems and better coordination, following a period in which the utility operated at a significa...


Radar

ESX Names Yodit Kassa CEO in Leadership Handover

The Ethiopian Securities Exchange (ESX) said on August 7, 2026, that its founding Chief Executive Officer, Tilahun Esmael (PhD), had been replaced by the Chief Operating Officer, Yodit Kassa. ESX credited Tilahun with steering the Exchange from its early project phase into a fully operational securities market. He established its governance, technological and operational foundations while building relationships with regulators, investors and other stakeholders. Yodit and Tilahun have been...


Radar

Enat Bank Enlists Partners to Develop Gender Bond

Enat Bank has entered a four-party partnership to develop what the partners describe as Ethiopia's first private-sector gender bond. The bank signed a memorandum of understanding with FSD Ethiopia, I-Capital Africa Institute and FSD Africa to structure and launch the bond. The partners will collaborate throughout the pre-issuance and post-issuance phases. Their work will cover transaction structuring, framework development, regulatory compliance, investor engagement and post-issuance manageme...