Road Fund Generates 2.8b Br

Jul 18 , 2020


The Ethiopian Road Fund Office has generated 2.8 billion Br during the just ended fiscal year of 2019/20. The office has collected the revenue from the road fund tariff levied on fuel, oil and grease, road use, interest from the treasury documents, and weight-based road fund annual vehicle renewal fees. The Office, which succeeded in collecting 91pc of its planned revenues, intended to collect 2.89 billion Br for the year. Road fund tariffs on fuel have generated 2.7 billion Br and oil and grease tariffs have brought in 3.8 million Br. In comparison, road use fees and document interests have brought in 4.3 million Br and 1.3 million Br, respectively. Annual road fund vehicular renewal payments account for 140 million Br. The Office has overseen the maintenance of 14,532Km of roads during this recent fiscal year and has carried out technical audits to ensure that the repaired roads are in good condition. It also procured 600 million Br worth of road maintenance machinery.


Radar

Ethiopia Buys Time, Not Relief as Creditors Stall on Debt Write-Off

Ethiopia's official creditors expect to finalise a draft restructuring of the country's debt in the coming months, granting the government more time to repay its obligations while avoiding a direct reduction to the initial debt amount. Ethiopia defaulted on its external debt in December 2023, before its leaders announced a preliminary deal in March with its Official Creditor Committee to reorganise 8.4 billion dollars, an essential step in moving beyond sovereign default. Under the agreement...


Radar

Road Injuries Increase by 35pc, with Pedestrians Most Affected

Addis Abeba's streets continue to present fatal risks for pedestrians, who account for 86pc of all traffic fatalities reported in 2023/24. Megenagna emerged as a particularly hazardous area, logging the highest number of fatalities, including 13 deaths. While the number of pedestrian deaths has dipped slightly, overall injuries have surged by 35pc since 2020/21, with eight out of 10 injuries involving those on foot. The Addis Abeba City Administration revised its 13-year road safety strate...


Radar

Awash Insurance Customer Week Discount

Awash Insurance Company(AIC), serving for over 30 years, gives a 25pc discount on Mortgage Redemption Insurance (MRI), Individual Life Insurance, Education Insurance, Workers' Compensation Insurance, and Fire & Lightning Insurance. This was announced during the celebration of Customer Week at their headquarters, on April 7,2025. Jibat Alemneh, CEO of the company said, Vehicles owners that purchased thier cars with full insurance coverage will receive enhanced benefits at no extra cost at...