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News
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Column
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| News In Brief |
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INVESTMENT |
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Lallibela Gets
$1.5m Modern Hotel |
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A modern hotel,
built at a cost of 1.5 million dollars in Lallibela town, Northern
Wollo Zone of Amhara Regional State, has gone operational. The
hotel, named "Mountain View," was built by two investors said Belete
Wodaje, head of the town's Cultural and Tourism Department. The
construction of the hotel is believed to raise the number of modern
hotels in the town to 12, and thus, this new hotel goes a long way
in assisting the efforts being made to make the town a tourist
destination. "Mountain View" has 30 beds, a restaurant that could
serve up to 150 customers at once, and has created jobs for 42
people.
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Publication |
The Ethiopian Herald, March 20, 2009. |
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Tigray,
Investors Launch over 284m Br Projects |
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Investors with
a combined capital of over 284 million Br have launched various
investment projects in Shire Endasilassie Town of the Tigray
Regional State. The investors were licensed to construct educational
and health facilities, as well as various factories and hotels,
Mekonnen Berhane, the town mayor said. Upon the completion, the
projects are expected to create jobs for 912 people. The Town
Administration has designated 35hct of investment site, according to
the Mayor.
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Publication |
The Ethiopian Herald, March 21, 2009. |
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FINANCE |
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Ethiopia,
France Ink $1.3m Grant Accord |
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Ahmed Shide,
state minister of the Ethiopian Finance and Economic Development,
Jean Christophe Bellard, French Ambassador to Ethiopia and Yeves
Boudot, director of the French Development Agency (AFD) signed an
agreement providing for a 1.3 million dollars grant. On the basis of
the Five-year Partnership Framework Document signed in 2006, a
number of projects in the areas of water, education, agriculture and
urban development are at different stages of implementation, Ahmed
said. AFD has provided 83 million dollars in the form of loans and
grants to Ethiopia from 2004 to 2008, according to Ambassador
Bellard.
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Publication |
Ethiopian News Agency (ENA), March 20, 2009. |
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REVENUE |
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Housing Agency
Collects over 100m Br in First Half Year |
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The Agency for
Government House (AGH) collected more than a 100 million Br revenue
in the first half of the current budget year. The revenue collected
in the reported period exceeds that of the initial target by more
than 16.5 million Br, stated Kassahun Woldegiorgis, head of the
agency's Public Relations service. This revenue also surpasses that
of the same period last year by 13 million Br, according to Kassahun.
Meanwhile, the agency has carried out maintenance works on 924
houses with an outlay of more than 1.6 million Br. |
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Publication |
Walta
Information Center (WIC), March 23, 2009. |
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CONSTRUCTION |
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Construction of
Gondar Univ. Referral Hospital Begins |
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MIDROC-construction
is to launch the first phase construction of a referral hospital for
Gondar University with 200 million Br. The first phase construction
works will be carried out at a cost of 50 million Br, an amount
granted recently by Sheikh Mohammed Al-Amoudi. The institution has
plans to construct a three-storey building under the first phase,
said Mengesha Admasu (PhD), acting president of the university. The
existing hospital, constructed 60 years ago, serves close to 300,000
people in Gondar Town, as well as residents around the town.
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Publication |
The
Ethiopian Herald, March 21, 2009. |
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ANIMAL
HEALTH |
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Somali Region,
New Veterinary Posts Operational |
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A total of
seven veterinary posts constructed in Jijiga Town of the Somali
Regional State at a cost of over 4.5 million Br have gone
operational. The veterinary posts have been constructed in
pastoralist localities. Construction of the facilities has raised
animal health service coverage in the Town to 41pc from 20pc,
Sehardid Abdilahi, head of the Wereda Rural Development Office,
said. Meanwhile, the woreda provided vaccination and other
veterinary services to over 300,000 animals over the past seven
months through 14 veterinary posts.
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Publication |
Ethiopian
News Agency (ENA), March 25, 2009. |
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DEVELOPMENT |
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British Council
Undertakes 16.4 million Br worth Dev't Works |
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British
Council, UK's International Aid and Development Partner, has been
undertaking various development activities across Ethiopia worth
about 16.4 million Br. The activities are designed to benefit over
two million people in Ethiopia, many of them in the Oromia Regional
State, said Barbara Wickham, country director of the council.
British Council has objectives for further collaboration through
strengthening joint effort with Oromia, according to Barbara. |
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Publication |
Ethiopian
News Agency (ENA), March 24, 2009.
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MINING |
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Ministry,
Company Sign Metal Ore Mining Accord |
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Alemayehu
Tegenu, minister of Mines and Energy, and Rajesh Jupta, general
manager of the Indo-UK Abyssinia Share Company signed an agreement
providing the latter with mining rights of metal ore on a
small-scale in Melka Arba locality of Western Bale Zone, Oromia
Regional State. The company is expected to produce 1,200,000tn of
minerals in the reported period from 677,655Sqm of land as per the
agreement. The company has allocated more than 41 million Br for the
production. It will create jobs for 45 people. The company is
already producing 330tn of cement daily and addressing the shortage
of the product in the booming construction industry.
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Publication |
Ethiopian News
Agency (ENA), March 21, 2009. |
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