Addis Abeba Bans Three-Wheeled Vehicles

Mar 11 , 2023

Banning three-wheeled vehicles on Addis Abeba streets has resulted in lengthy queues at public transport terminals, impacting the over 2.7 million residents who depend on the city's public transport system. The Addis Abeba Trasport Bureau has registered over 6,100 Bajajs in the past eight months alone. Mitiku Asmare, head of the city's Transport Bureau, imposed the ban last week until a "proper regulatory framework" is in place and the relevance of the service is assessed. Ensuing a bill proposed four months ago by the city's Transport Bureau and the Ministry of Transport & Logistics, plans are to limit the movement of Bajaj vehicles to designated areas, establish tariffs, the number of passengers to three, and offer fuel subsidies for Bajaj drivers.


Ministry Secures $86m Grants

An 86.18 million dollar grant agreement was signed between the Ministry of Finance, UNICEF and UNFPA last week to support the agencies' ongoing country programs for the fiscal year. Out of the total grant, UNICEF committed 70 million dollars to support its water, nutrition, education, health, sanitation, child protection, and gender projects. Meanwhile, UNFPA pledged 16.1 million dollars for family planning, maternal health, adolescent and youth development, and gender equality and women empo...


Authority Reports Fuel Import Stats

Ethiopian Petroleum & Energy Authority (EPA) disclosed that 3.2 million tons of fuel were imported into the country during the last fiscal year. The figure includes 2.04 million tons of diesel and 767,672tns of benzene. In the past fiscal year, the digital payment system, Telebirr, facilitated transactions totalling 103 million volumes worth 61.8 billion Br. Of these transactions, 81.39pc were for diesel, while 17.82pc were for benzene. The number of fuel stations increased from 682 to...


Commercial Bank Collects $3.2b in Foreign Currency

The Commercial Bank of Ethiopia (CBE) announced robust performance in foreign currency collection for the past fiscal year, achieving 3.2 billion dollars in total mobilisation. This includes 2.07 billion dollars in remittances, with the Bank's Diaspora banking service and CBE Birr contributing 89.9 million dollars to the total. The performance details were shared during CBE's annual review meeting last week. "This achievement is particularly gratifying given the challenging economic climat...