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

EthSwitch Sees Record Profit, Expands Digital Payment Reach

EthSwitch, the national switch operator, reported a record 1.4 billion Br gross profit for the fiscal year ending June 2025, a 34pc increase from last year's 1.06 billion Br. The performance was driven by a sharp rise in interoperable transactions, reflecting the country's growing embrace of digital payments. Person-to-person (P2P) transfers led revenue generation with 902.6 million Br, nearly half of total income, followed by ATM transactions contributing 825.1 million Br. Overall revenue cl...


Radar

Lion Bank Delivers Robust Results, Rewarding Shareholders

Lion International Bank S.C. posted a profit before tax of 1.8 billion Br for the last fiscal year, marking a 94pc surge from the previous year. The announcement was made during the bank's General Assembly held last week at the Sheraton Addis Hotel. After provisions and taxes, the bank registered a net profit exceeding 900 million Br, with shareholders earning 27pc per share. Deposits climbed by 23pc to 44 billion Br, up from 35.6 billion Br, while total loans and advances reached 36.2 billio...


Radar

Berhan Bank Lifts Earnings as Reforms Ease Forex Strain

Berhan Bank reported a 28.1pc growth in its latest fiscal year, buoyed by economic reforms and relaxed forex directives. The Bank's total deposits climbed to 44.5 billion Br by June 30, 2025, up 7.6 billion Br from the previous year. Net profit distributed to shareholders rose by 36pc, while total income reached 10.3 billion Br, marking a 61.4pc increase. Interest income accounted for nearly 59pc of total earnings, driven largely by the repeal of the National Bank's 70pc forex surrender rule...