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

Ministry Secures $86m Grants

An 86.18 million dollar grant agreement was signed between the Ministry of Finance, UNICEF and UNFPA last week to support the agencies' ongoing country programs for the fiscal year. Out of the total grant, UNICEF committed 70 million dollars to support its water, nutrition, education, health, sanitation, child protection, and gender projects. Meanwhile, UNFPA pledged 16.1 million dollars for family planning, maternal health, adolescent and youth development, and gender equality and women empo...


Radar

Authority Reports Fuel Import Stats

Ethiopian Petroleum & Energy Authority (EPA) disclosed that 3.2 million tons of fuel were imported into the country during the last fiscal year. The figure includes 2.04 million tons of diesel and 767,672tns of benzene. In the past fiscal year, the digital payment system, Telebirr, facilitated transactions totalling 103 million volumes worth 61.8 billion Br. Of these transactions, 81.39pc were for diesel, while 17.82pc were for benzene. The number of fuel stations increased from 682 to...


Radar

Commercial Bank Collects $3.2b in Foreign Currency

The Commercial Bank of Ethiopia (CBE) announced robust performance in foreign currency collection for the past fiscal year, achieving 3.2 billion dollars in total mobilisation. This includes 2.07 billion dollars in remittances, with the Bank's Diaspora banking service and CBE Birr contributing 89.9 million dollars to the total. The performance details were shared during CBE's annual review meeting last week. "This achievement is particularly gratifying given the challenging economic climat...


Back
WhatsApp
Telegram
Email