Bus Enterprise Turns to Advertising

Jul 18 , 2021


In an attempt to create new revenue streams, Anbessa City Bus Enterprise will soon begin leasing advertising space on its fleet of 700 buses. The advertising will be available in both digital and print formats and the Enterprise aims to earn up to 10 million Br annually through the scheme. This marks the second time that Anbessa is trying its hand at advertising, with the previous attempt five years ago curtailed by aesthetic damage to its buses. The Enterprise serves 600,000 passengers daily on 125 routes across Addis Abeba. It is also in the process of acquiring 100 low-entry buses at an estimated cost of 20 million dollars through loans obtained from the World Bank.


Radar

Ethiopian Seafarers Contribute $50m Annually in Remittances

Ethiopian Maritime Authority disclosed 50 million dollars in annual remittances from seafarers deployed internationally. Abdulber Shemsu, the director general of the Authority, said Ethiopia's membership in the International Maritime Organisation (IMO), establishes global standards and guidelines for safe, secure, and environmentally sustainable shipping practices. With 176 member countries and three associate member countries, including Ethiopia, the IMO provides a framework for ensuring...


Radar

AfDB Launches $1.5m Initiative to Propel Agro-Industrial Parks

A 1.5 million dollar initiative for the development of three Agro-industrial parks was commenced last week. Financed by the African Development Bank (AfDB), the project includes feasibility studies, a master plan, and an environmental and social impact assessment. The Phase Two project, which includes capacity building for stakeholders, was initiated last week with an agreement between Semereta Sewasew, state minister for Finance and Gunther Beger, managing director of UNIDO. Semereta said...


Radar

Cabinet Approves Public Service Legislation

Council of Ministers has unanimously approved the legislation that aims to raise the competency and professionalism of public service in the country. The Federal Civil Servants Proclamation is pending ratification from Parliament. The decision was made during the 30th meeting of the Cabinet last week, which follows the ratification of the public service and administrative policy. Currently, the 176 federal agencies within 22 ministries, collectively employ around two million people. The polic...


Back
WhatsApp
Telegram
Email