Wolkite Gets New Hospital

Sep 21 , 2019


[ssba-buttons]

A local construction company, Yohannes Haile Building Contractor, secured a deal to construct a hospital in Wolkite town in Gurage Zone. The agreement was signed between the contractor and the Southern Nations, Nationalities and Peoples’ Regional State Health Bureau on September 19, 2019. To be built with 594 million Br, the hospital will rest on 8,110Sqm of land out of the designated 11ha total area. Yohannes Haile, which constructed the Wolkite University Kitchen & Dining Building, is expected to complete the hospital building within two years. The hospital will minimise the region’s infrastructure problem and expand health services, according to Akenaw Kaweza, head of the region’s Health Bureau.


Radar

Nib international Bank Faces Heavy Hit from Forex Revaluation, Pays 348 Million Br in Penalties

Nib International Bank S.C. (NIB) has reported a significant loss of 2.9 billion Br, primarily due to extraordinary foreign exchange revaluation losses, this past Saturday, during its annual shareholders meeting at the Millennium Hall on Africa avenue, Airport Road. The bank faced substantial penalties amounting to 348.4 million Br. These penalties included a 251 million Br fine for liquidity shortages and a 97.4 million Br charge for violations related to Real-Time Gross Settlement (RTGS) payme...


Radar

Railway Network Upgrade Positioned as Engine of Economic Transformation

The National Railway Business Summit took place at Skylight Hotel on October 21, 2025, signalling a historic step in modernising its railway network as a foundation for national development and regional connectivity. Government officials, industry leaders, investors, and experts from around the world convened to discuss infrastructure expansion, financing models, and technology adoption. Asma Redi, chief portfolio director at Ethiopian Investment Holdings, noted that the Ethiopian Railways Co...


Radar

Gold Prices Ease After Recent Surge

The price of gold, which surged sharply in recent weeks, has started to decline in the current selling market. Over the past 15 days, 21-carat gold has traded between 24,000 and 25,000 Br per gram for imported products and around 21,000 Br for local gold. Imported 18-carat gold sold for 21,000 Br, while local 18-carat pieces were priced at 19,000 Br. Traders note that the recent increase was twice as high as typical fluctuations, attributing the spike to export patterns from Arab countries. ...