City Bans Motorbikes, Restricts Heavy Trucks

Jun 22 , 2019


Addis Abeba’s City Administration has banned the use of motorcycle for transportation and business purposes until the cycles are formally registered and their purpose is specified to the authorities. Officials conducted a week and a half long survey around the use of motorcycles in the city, which led them to this decision, according to Deputy Mayor Takele Uma. “Lately in our city, we have been witnessing the use of motorcycles in acts of robbery and similar criminal activities,” Takele told reporters. The ban will not affect police officers, members of the defence forces or other emergency service providers. Motor bikes that deliver packages under organisations like the post office and embassies will need to get permits to operate. The City Administration has also announced that it has set a time limit during which heavy trucks that weigh more than 2.5tn can move around in the city during the day time.


Radar

Abyssinia Bank Strategic Moves Pay Off, Driving Profit Growth

The Bank of Abyssinia (BoA) enjoyed another profitable year, amassing 4.23 billion Br net profits, an increase of 10.5pc from last year. The Bank announced total assets of 222.3 billion Br, surging by 17.3pc. Total deposits mobilised through the year climbed by 33.97 billion Br to 192.51 billion Br, while loans and advances reached 167.7 billion Br. However, the bank exhibited a nominal decline in its foreign currency earnings totalling 424 million dollars. Earnings per share also showed a ma...


Radar

$100m Project Mulls Public Transportation Make-Over

A 100-million-dollar project aims to manufacture over 5,000 diesel-powered and electric public transport vehicles for the capital. The proposed project was launched hoping to replace the ageing vehicles and improve safety, efficiency and quality across the city's urban transport system. Last week saw an MoU inked between executives of Multiverse Enterprise Plc and Addis Abeba Minibus Associations and was held at Vamdas Entertainment near Megenagna. The agreement includes plans to replace 15,000...


Radar

Safaricom Soars with 6.1 million Customers

Safaricom Ethiopia reported significant commercial growth in the first six months of the 2025 fiscal year (April to September 2024), with notable increases in both mobile (GSM) and M-PESA services. The company's network and services reached a population coverage of 46pc, growing from 30pc in the previous year. This expansion was supported by the addition of over 1,000 network sites, bringing the total to more than 3,000 across the country. Safaricom Ethiopia saw a surge in its customer base,...


Back
WhatsApp
Telegram
Email