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Abri Motors, Jingshan Partner to Convert Bajaj Fleet to Electric


Abri Motors, Jingshan Partner to Convert Bajaj Fleet to Electric

Abri Motors has entered a strategic partnership with Jingshan Mining & Supply Chain Technology Plc to convert fuel-powered Bajaj three-wheelers into electric vehicles, marking a shift in efforts to reduce fuel consumption and expand cleaner transport options. The initiative targets the large number of Bajajs operating in urban centres, aligning with government priorities to promote e-mobility and ease pressure on foreign currency reserves. The agreement introduces a flexible battery model, allowing drivers to either rent or own batteries, aimed at lowering entry costs. Abrehet Ayele, CEO of Abri Business Group, said drivers who currently spend up to 24,000 Br monthly on fuel could reduce expenses by more than half, with electric battery use estimated at around 10,000 Br per month. A battery-swapping system is also planned to minimise downtime, enabling continuous operation. Jingshan representative Ding Wan You said drivers will have access to two batteries per day to manage charging cycles. The project is expected to launch within a month, with conversion costs set at 153,000 Br per vehicle. The initiative is expected to improve operational efficiency while reducing fuel dependency, contributing to ongoing efforts to expand electric mobility.

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Abay Bank Lists on Ethiopian Securities Exchange as Fifth Entrant

Abay Bank Share Company began trading on the Main Board of the Ethiopian Securities Exchange (ESX) on June 25, becoming the fifth company to list after registering its ordinary shares with the Ethiopian Capital Market Authority (ECMA). The stock debuted at 1,800 Br a share, making all 9.66 million ordinary shares immediately tradable. The listing follows a year of strong financial and digital growth. For the fiscal year ended June 30, 2025, the bank reported a three-billion-Br profit, assets...


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Court Freezes Bank Accounts and Assets in Cosmo Trading Dispute

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Bule Hora, Kebri Dehar Universities Sign Austrian Partnership

Bule Hora and Kebri Dehar universities have signed separate memoranda of understanding with Austria's Leoben University to strengthen training in mining, petroleum and energy as Ethiopia seeks to build resource-based industrial capacity. The partnerships aim to enhance academic and practical skills in mining engineering, petroleum studies and energy systems, disciplines viewed as critical to the country's long-term extractive and industrial ambitions. Under the agreement, Bule Hora Univers...