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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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Radar

MIDROC Picks Austrian Firm for Metekel Plant Machinery

MIDROC Gold Mining has contracted Austria-based CEMTEC (Cement & Mining Technology GmbH) to supply and install equipment for a new gold processing plant in Metekel Zone, Benishangul-Gumuz Regional State. Designed to process up to 1.25 million tn of gold-bearing ore a year, the facility is part of MIDROC's expansion in the area. Under the agreement, CEMTEC will manufacture the plant's key processing machinery and install it at the MIDROC Metekel Gold Plant. The equipment is scheduled for c...


Radar

Food Prices Push Inflation to 15.3pc

Ethiopia's inflation rate rose to 15.3pc in July 2026 from 13.7pc in the same month last year, reaching its highest level in the 13-month period covered by Ethiopian Statistics Service data. Food and non-alcoholic beverages exerted the greatest pressure on consumer prices, with inflation reaching 15.7pc. The increase was driven largely by higher prices for vegetables, meat, dairy products and eggs, fruit, oil and butter, sugar, honey and chocolate, bread and injera. Sugar, honey and chocol...


Radar

State Enterprises Post Revenue Gains in EIH Review

Ethiopian Investment Holdings (EIH) concluded the fourth day of its 2025/26 EFY Annual Performance Dialogue at its headquarters, reviewing key state-owned enterprises overseen by Deputy CEO Habtamu Hailemichael. The dialogue began on August 24, 2026, with the Development Bank of Ethiopia recording a 60pc increase in operating income to 15.9 billion Br. Despite structural and operational difficulties, Ethiopian Mineral Corporation reported year-on-year revenue growth of 48pc to 5.7 billion dol...