Authority Kicks off Warder Qebrihadar Road Project

Oct 12 , 2019


[ssba-buttons]

The Ethiopian Roads Authority kicked off the construction of the 1.8-billion-Br Warder Qebrihadar road project yesterday, October 12, 2019. The project kick-off ceremony was attended by Mustafa Omer, deputy administrator of Ethiopia's Somali Regional State, and Habtamu Tegenge, director-general of the Authority. Macro General Contractor & Trading, a local construction company, was awarded to construct the 138.8Km asphalt road, which is expected to be completed in four years. Best Consulting Engineers and Hitech Consulting will jointly supervise the construction of the project. The cost of the project will be covered by the government of Ethiopia. The road will have a 21.5m width in zones, 19m in woredasand 12m in kebeleareas. It will also have a 10m width in rural areas. Upon completion, the road is expected to cut the three hours it currently takes to travel from Warder to Qebrihadar in half.


Radar

Korenti, Agelegel Microfinance Ink EV Financing Deal

Korenti Auto Trading PLC has signed a strategic agreement with Agelegel Microfinance to provide accessible financing options for electric vehicle (EV) buyers. The partnership seeks to ease EV ownership by offering fair pricing and loan packages with affordable rates. The initiative supports Ethiopia's push for clean transport and aligns with national sustainability goals. Korenti's managing director said the move reflects the company's commitment to expanding electric mobility. Customers can now...


Radar

NBE Leads Week-Long Bank Supervision Application Forum

The National Bank of Ethiopia (NBE) is hosting a week-long Bank Supervision Application (BSA) User Group meeting that began on July 7, 2025. The BSA system, developed by a pan-African consortium of central banks including the NBE, automates supervisory work for financial regulators. NBE will take over the rotating BSA chairmanship in September. Opening the session, Frezer Ayalew, Director of Bank Supervision, stressed the need for modern tools to handle growing regulatory demands amid cyberse...


Radar

Six Fuel Companies Banned, Seven Warned, Authority Noted Illicit Activity

The Ethiopian Petroleum & Energy Authority has taken disciplinary action against 13 fuel distribution companies for illegally trading 2.8 million litres of fuel outside the digital system in the past two months. Six firms face a one-month suspension from the fuel import and trading market, while seven others received final warnings and must rectify their operations within a month. Director General Destawe Mekwanant (PhD) said the companies failed to monitor fuel stations and ensure proper...