Yango Signs Deal to Help Drivers Own Electric Vehicles


Yango Signs Deal to Help Drivers Own Electric Vehicles

Yango Ethiopia has signed a Memorandum of Understanding (MoU) with Amigos Saving & Credit Cooperative Society to support its partner drivers in purchasing electric vehicles (EVs). The agreement was announced in a statement issued on April 30,2025. The MoU is designed to finance drivers currently working with Yango, helping them transition from rented vehicles to EV ownership. According to the statement, the partnership will provide financial support to 100 Yango drivers over a 17-month period, with six vehicles allocated each month. Drivers must meet performance and platform criteria to qualify for the programme. Yango Ethiopia described the initiative as part of a broader effort to empower its partner drivers through sustainable access to car ownership. The agreement also includes training on financial literacy and vehicle maintenance for selected drivers. Yango Group, headquartered in Dubai, is a tech company offering transportation services. Amigos is an Ethiopian savings and credit cooperative that provides accessible credit and financial services to its members.


Radar

Speeding in the Spotlight as New Safety Drive Begins

The Road Safety and Insurance Fund Service has stated that drivers are responsible for 68 percent of traffic accidents in Ethiopia, with the remainder mainly caused by pedestrians and road conditions. On this topic, the service launched a one-month mass media campaign on Wednesday focused on raising awareness about speeding, the leading cause of traffic accidents. The campaign, under the motto "Slow Down, Speeding Ruins Lives," plans to shed light on the dangers of speeding. Yohannes Lemma, E...


Radar

Askari Metals Secures Five Gold Licences in Ethiopias Untapped Adola Belt

Askari Metals has acquired 100pc of Rift Valley Metals, gaining five gold exploration licences covering 460sqkm in Ethiopia's Adola Greenstone Belt, part of the southern Arabian-Nubian Shield, a mineral-rich but underexplored region. "The exploration areas—Sakaro, Sakaro West, Lega Dembi South, Megado, and Wayu Boda—lie near Ethiopia's top gold mines, including Lega Dembi and Sakaro, which have produced over three million ounces of gold. The area is known for orogenic gold systems hosted...


Radar

COMFWB Trade Fair to Spotlight Gender-Inclusive Investment

The 6th COMESA Federation of Women in Business (COMFWB) Regional Trade Fair, Business Conference, and Gala Dinner will be held from May 7–9, 2025, in Addis Abeba, as part of COMESA Week. Organised by the Common Market for Eastern and Southern Africa (COMESA) and COMFWB, the event is themed “A Thriving COMESA Advancing Gender-Responsive Regional Integration for Unlocking Green Investments, Value Chains, Tourism and Mining in the African Continental Free Trade Area (AfCFTA).” The event pl...