Authority Inaugurates Second Toll Road

June 22 , 2019


Authority Inaugurates Second Toll Road

The Dire Dawa-Dewele toll road project, which cost 5.2 billion Br, was inaugurated on June 16, 2019. About 85pc of the construction was financed through a loan obtained from the Export-Import Bank of China, and the remaining sum was funded by the government. The 220Km road is the second toll road in Ethiopia after the Addis-Adama Expressway. The old Dire Dawa-Dewele road was a gravel road that disrupted transportation due to frequent damage caused by floods and landslides. The new expressway will reduce traveling time from ten to four hours. The new expressway is expected to serve 438,000 vehicles and expected to collect 90 million Br in 2020.


Radar

Leather Industry Struggles to Meet Expectations

The struggling leather industry managed a little over 33 million dollars in export earnings over the first 10 months of the financial year. It is less than half of officials' aspirations to generate 69 million dollars over the same period, and highlights the troubles faced by the industry over the past few years. Exports from finished leather goods plunged 72pc last year from three years ago. Only eight finished leather manufacturers accounted for 89pc of last year's export earnings, sh...


Radar

Corporation Calls on Suppliers for 200,000tn Sugar Procurement

Executives of the Ethiopian Sugar Corporation have taken steps to procure 200,000tn of sugar from international suppliers. The Corporation had invited shortlisted companies to submit offers, after an attempt to procure the sugar through an international tender went awry. However, officials at the Ministry of Finance instructed its executives to scrap the invitation and proceed to float a second bid. The shortlisted suppliers have also been invited to take part in the bidding process. T...


Radar

TAGGED

Youth in the National Theatre area are waiting for the bus to start moving. They have found a handle to grab and accelerate them ones its starts moving as they ride their skateboard. Although skateboarding is nearly unheard of in Ethiopia, over the past few years, young people have developed a taste for it. Safety, though, leaves a lot to be desired...