City Adjusts Transport Fares Following Fuel Price Hike


City Adjusts Transport Fares Following Fuel Price Hike

The Addis Abeba Transport Bureau has announced a bump in transport fares a week after the 25pc hike on fuel. The fare increases vary between 50 cent and 3.5 Br depending on the length of the route. Commuters on short taxi routes (up to eight kilometres) will now be asked to pay four Birr, up from three Birr. The longest routes (up to 30Km) will cost 30 Br, a 3.5 Br increase. Routes with lengths in between have also seen fares rise by an average of 20pc. The announcement is welcome news to transport service providers, who have been operating with the old prices for a week after fuel retail prices climbed by around six Birr a litre for both benzene and diesel. A litre of diesel is now being sold 28.94 Br while a litre of benzene is going for 31.74 Br.


Radar

Coffee Exports Bring in $1.5B in Third Quarter

Ethiopia has earned 1.5 billion dollars from coffee exports over the nine months of the fiscal year. The country had set a target to earn a little over a billion dollars by exporting 201,959tns of coffee during the same period. According to Adugna Debella (PhD), director general of the Ethiopian Coffee & Tea Authority, the export strategy continues to focus on major international markets, with the top 10 destinations, including Saudi Arabia, Germany, and the United States (SU), accounting...


Radar

Central Bank Holds Fourth Exchange Auction

The National Bank of Ethiopia(NBE) sold one dollar for 131.4961 birr in its recent auction. It was reported that 26 banks participated in this auction, which took place last week on Thursday. In a statement issued by the National Bank  following the auction, it was indicated that 70 million dollars was offered for the event. Subsequently, it was reported that 96 pc of the foreign exchange needs of the participating banks were met. In the previous auction, held 15 days ago, the bank had of...


Radar

City Registers 64,075 Births in Fiscal Year

The city has exceeded its birth registration target for the first nine months of the fiscal year, registering 64,075 children—71.15pc more than the set goal of 58,342. This success, with a registration coverage rate of 109.63pc, is largely attributed to the efficiency of the one-centre birth registration service system, which has been rolled out across health centres and courts. The total number of vital events registered, including births, adoptions, marriages, divorces, and deaths, reache...