Local Firm Bands Motorcyclists Together for Delivery Service

The initiative is said to be a response to the ban aimed at mitigating the use of motorcycles in acts of robbery and other criminal activities in the capital.


Local Firm Bands Motorcyclists Together for Delivery Service

Balubet, a ride and delivery service company involving motorcycle businesses, launched a new service bringing together more than 700 motorists and owners under 13 different associations from various corners of the city. The initiative is said to be a response to the ban aimed at mitigating the use of motorcycles in acts of robbery and other criminal activities in the capital. The ban was imposed on June 19, 2019, by Deputy Mayor Takele Uma. The embargo put hundreds of these motorists and owners out of business for more than six months. To resume service, the motorcyclists formed associations and installed GPS trackers on the motorcycles to monitor their movement and speed. Motorists are obliged to comply with safety standards by using protective equipment for both travelers and themselves and maintain the speed limit to avoid serious injuries due to accidents. Only half of the 45,000 motorcycles in the city have secured a license plate from the city’s Transport Authority.

[ssba-buttons]

Radar

Ethiopia, IFAD Sign 69.2m Dollar Deal to Promote Lowland Resilience

The Ethiopian Government and the International Fund for Agricultural Development (IFAD) have signed a 69.2 million dollar grant agreement to implement Phase II of the Lowland Livelihoods Resilience Project (LLRP II). The grant agreement was signed by Finance Minister Ahmed Shide and IFAD President Alvaro Lario. The project targets climate resilience and improved livelihoods for three million people in pastoral and agro-pastoral communities. Co-financed by the World Bank, LLRP II covers eight reg...


Radar

NBE Expands Diaspora Warning Over Unlicensed Remittance Firms

The National Bank of Ethiopia (NBE) has issued an expanded public warning targeting unlicensed remittance operators abroad, flagging four U.S.-based companies it says are undermining Ethiopia's financial regulations. The warning includes newly disclosed findings and specific cases that underscore growing concerns about illicit cross-border financial activity. Remittance flows remain a vital lifeline for Ethiopia's economy, supporting households and supplying critical foreign currency. But as...


Radar

Stricter Standards Unveiled for Public Auditors, Accounting Firms

The Accounting & Auditing Board of Ethiopia (AABE) has issued a new directive aimed at strengthening oversight and professional standards in the accounting and auditing sector. Grounded in the Financial Reporting Proclamation, the directive addresses long-standing regulatory gaps while preparing the sector for the country's emerging capital market. Key provisions introduce stricter licensing standards for public auditors, professionals permitted to audit public interest entities. Applican...