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

Authority Enacts EV Charging Stations Directive

A new directive setting technical standards, licensing requirements, and safety measures for electric vehicle (EV) charging stations has been approved. Created by the Petroleum & Energy Authority (PEA), it aims to ensure the quality of energy supply and the safety of charging stations and accelerate the adoption of EVs. The directive outlines service provision regulations, including technical and safety standards as well as electricity tariff criteria. It divides public charging stations...


Radar

Fuel Prices Surge Following Subsidy Withdrawal

The Council of Ministers has authorised monthly reviews and adjustments to retail fuel prices, leading to a price hike on January 7. The increase affects gasoline, kerosene, white diesel, light black diesel, heavy black diesel, and jet fuel. Gasoline prices rose by 11.3pc to 101.47 Br a litre. White diesel and kerosene prices increased by 9.6pc, while light black diesel now costs 108.30 Br a litre, and heavy black diesel is priced at 105.97 Br. Long queues at fuel stations persisted until...


Radar

Wegagen Bank Expands into Diaspora Real Estate Market

Wegagen Bank has signed a memorandum of understanding (MoU) with Deluxe Properties to support diaspora communities in purchasing homes. The agreement was signed at Wegagen Bank's headquarters last week. Under the MoU, Wegagen Bank will provide financing to diaspora buyers of Deluxe Properties' homes. The bank offers loans covering up to 80pc of the property's cost, with repayment terms spread over 25 years. The Bank stated the initiative supports the National Bank of Ethiopia's (NBE) missi...