Agency Partially Lifts Ban on Daytime Heavy Truck Mov't

Oct 12 , 2019


Addis Abeba Traffic Management Agency partially lifted the ban it imposed on the daytime movement of heavy vehicles starting from October 7, 2019. Jiregna Hirpa, director of the Agency, who has admitted that the ban had an economic impact on the capital, announced the lifting of the ban. With the new schedule, heavy trucks can move in the city from 10:00am to 4:00pm on weekdays and with no time limitation on weekends and holidays. The enforcement of the ban on daytime movement of heavy vehicles that weigh more than 2.5tn had been imposed since July 8, 2019. The ban was enacted with the aim of decreasing traffic congestion, pollution and accidents. Light freight trucks like the Isuzu NPR with a weight between 2.5tn and 3.5tn had not been able to operate in the city between 6:30am to 10:00am and from 4:00pm to 8:00pm. And also heavy trucks that weigh more than 3.5tn had not been able to move within the city from 6:30am to 8:00pm.


Radar

Tech Ministry Falters as Audits Expose Mismanagement, Unmet Ambitions

The Ministry of Innovation & Technology is under scrutiny after an audit revealed lapses in project management and financial oversight. This raised questions about governance standards within a Ministry central to the country's tech-driven growth ambitions. According to the Federal Auditor General, the Ministry has completed only 11pc of its planned projects with its overall financial administration standing at 37.4pc for a year-long project that commenced in 2022. Budget mismanagement an...


Radar

Central Bank Keeps Lending Lid Tight as Inflation Squeezes Economy

The Central Bank has reaffirmed its decision to maintain an 18pc cap on credit growth, reinforcing a commitment to tighter monetary policy during persistent inflation and economic uncertainty. The National Bank of Ethiopia's (NBE) monetary policy committee cited ongoing concerns over inflation, which stood at 19.9pc year-on-year (YoY), and liquidity imbalances as reasons to uphold the restriction on lending. Bankers and analysts interpret this move as evidence of regulators' determination to...


Radar

Ethio Telecom Expands Services with DStv Streaming

Ethio telecom enters the entertainment pool with bundled DStv streaming services through high-speed broadband internet and mobile data packages. The partnership with MultiChoice Ethiopia aspires to merge the telecom's fiber broadband and mobile network with DStv's content. Subscribers can access DStv channels through mobile data or fiber broadband bundles, with discounts of up to 35pc through Telebirr or My Ethiotel (*999#) and up to 26.5pc at sales centers for fiber broadband bundles. Acc...