Author: Himalaya Post

Kathmandu – The foundation stone for the construction of a hospital building in Ward No. 5 of Nason Rural Municipality, Manang District, Gandaki Province, was jointly laid on Sunday by Dr. Rakesh Pandey, Deputy Chief of Mission at the Embassy of India in Kathmandu, and Mr. Dhan Bahadur Gurung, Chairman of Nason Rural Municipality. The hospital building is being constructed with financial assistance of approximately NPR 56 million from the Government of India. The project is being implemented as a High Impact Community Development Project (HICDP) through Nason Rural Municipality. Speaking at the ceremony, Chairman Gurung and other stakeholders...

Kathmandu – Airbus, a global aerospace pioneer, and Tribhuvan University, Nepal’s largest public university, have signed a Memorandum of Understanding (MoU) for a holistic partnership to boost the Himalayan nation’s human capital in aerospace. The collaboration will focus on academic development, research, training, industry exposure and joint initiatives in aerospace technologies. Jürgen Westermeier, President and Managing Director, Airbus South Asia, and Prof. (Dr.) Sushil Bahadur Bajracharya, Vice-Chancellor of Tribhuvan University, signed the MoU in the presence of Sasmit Pokharel, Minister of Education and Sports of Nepal, and Ambassador of France to Nepal H.E. Virginie Corteval. Senior officials of the...

Kathmandu – British International Investment (BII), the UK’s development finance institution and impact investor, and Laxmi Sunrise Bank Limited (LSL) have signed a $25 million credit facility agreement, aimed at strengthening access to finance for Micro, Small and Medium-sized Enterprises (MSMEs), with a focus on women businesses in Nepal. MSMEs contribute 22 per cent of the country’s GDP and employ nearly 2 million people. Yet only 16 per cent have access to financing through formal channels due to limited reach of financial institutions and a mismatch between MSME needs and lender requirements, according to the World Bank and Nepal...