Authority Revives Delayed Road Project

Dec 28 , 2019


[ssba-buttons]

The Ethiopian Roads Authority (ERA) kicked off the construction of Worabe-Bojeber asphalt concrete road on December 26, 2019. The inauguration ceremony was attended by Minister of Peace Muferiat Kamil, Minister of Transport Dagmawit Moges, Deputy Head of SNNP Regional State Ristu Yirdaw, State Minister for Transport Hiwot Mosisa and Director of the Ethiopian Roads Authority Habtamu Tegegne. Markan Trading Plc was awarded the construction contract for 795 million Br after the contract given for Yemane Girmay was terminated for underperformance. The road is expected to be completed within three years, and Stadia Engineering Works Consulting Plc will supervise the project. The road will have a length of 40.5Km and a width of 21.5m including the shoulder, although it will be 12m wide in kebelesand 10m in width in rural areas. Once the road becomes operational, it will connect the main road that stretches from Addis Abeba to Hosanna with Butajira rural roads.


Radar

AMG Holdings Breaks Ground on Industrial Rail Link to Ethio-Djibouti Railway

AMG Holdings has launched construction on a 2.5-kilometer railway connecting its Sheger Industrial Park to the Ethio-Djibouti Railway's Endode Station. The Ethiopian-led project comprises 1.7 Kms of main track and 800 meters of side rail. Chief Project Manager Engineer Nigist Hailu said the line is expected to be completed within six months, facilitating the transport of raw materials and finished goods to Djibouti's port. More than 100 local workers have already joined the project, with addi...


Radar

Ethiopian Deposit Insurance Fund Achieves Full Q1 Collection Target

The Ethiopian Deposit Insurance Fund collected 2.08 billion Br in the first quarter of 2025. This meets 100 percent of the target and represents a 26.83 percent increase compared with the same period last year. The rise in premiums was attributed to higher deposits from member financial institutions. To date, the fund has collected a total of 15.93 billion Br in premiums from member institutions, with 14.51 billion Br coming from regular deposits and 1.42 billion Br from interest-free depo...


Radar

Oromia Bank, Ethiopian Airlines Introduce Fly Now, Pay Later via Milkii Digital App

Oromia Bank's Milkii Digital App, launched on May 3, 2025, has introduced a “Fly Now, Pay Later” service that lets customers book Ethiopian Airlines tickets using digital loans, with payments spread over six months after travel with 16.5 interest rate and allows customers to book flights upto 300,000 Br. Developed in collaboration with Ethiopian Airlines, the platform is part of a broader effort to expand digital finance and simplify access to services. The initiative seeks to enhance conven...