Bahir Dar College Inaugurates Oxygen Plant

Aug 14 , 2021


[ssba-buttons]

An oxygen plant with the capacity to fill 300 cylinders daily has officially started operations in Bahir Dar City, Amhara Regional State, last week. Under Bahir Dar University Medical & Health Science College, the plant is the second in the city, following inauguration of an oxygen production centre in Felege Hiwot Hospital two years ago, which has the capacity to produce up to 60 cylinders a day. A severe shortage of medical oxygen crippled healthcare providers when the COVID-19 pandemic was at its peak in April and May 2021, and the number of severe cases hovered at around 1,000 people daily. Two oxygen plants, one in Ambo and another in the capital, were inaugurated just over three months ago with facilitation from the Ministry of Health.


Radar

AMG Holdings Breaks Ground on Industrial Rail Link to Ethio-Djibouti Railway

AMG Holdings has launched construction on a 2.5-kilometer railway connecting its Sheger Industrial Park to the Ethio-Djibouti Railway's Endode Station. The Ethiopian-led project comprises 1.7 Kms of main track and 800 meters of side rail. Chief Project Manager Engineer Nigist Hailu said the line is expected to be completed within six months, facilitating the transport of raw materials and finished goods to Djibouti's port. More than 100 local workers have already joined the project, with addi...


Radar

Ethiopian Deposit Insurance Fund Achieves Full Q1 Collection Target

The Ethiopian Deposit Insurance Fund collected 2.08 billion Br in the first quarter of 2025. This meets 100 percent of the target and represents a 26.83 percent increase compared with the same period last year. The rise in premiums was attributed to higher deposits from member financial institutions. To date, the fund has collected a total of 15.93 billion Br in premiums from member institutions, with 14.51 billion Br coming from regular deposits and 1.42 billion Br from interest-free depo...


Radar

Oromia Bank, Ethiopian Airlines Introduce Fly Now, Pay Later via Milkii Digital App

Oromia Bank's Milkii Digital App, launched on May 3, 2025, has introduced a “Fly Now, Pay Later” service that lets customers book Ethiopian Airlines tickets using digital loans, with payments spread over six months after travel with 16.5 interest rate and allows customers to book flights upto 300,000 Br. Developed in collaboration with Ethiopian Airlines, the platform is part of a broader effort to expand digital finance and simplify access to services. The initiative seeks to enhance conven...