City Inaugurates Qality Bus Depot

May 16 , 2020


The Qality Bus Depot, built for 790 million Br, was inaugurated on May 16, 2020, in the presence of Deputy Mayor Takele Uma. Qality Bus Depot, which rests on five hectares, has a garage, washing and fuel supply facilities, and an administration building. With 12 vehicle washrooms and four gas stations, the Depot can accommodate 250 to 300 buses on its ground-level floor and 85 buses on the underground floor. It is also fitted with security cameras along with a dispatch service centre. The Depot will be providing service to the 3,000 buses the Administration plans to buy. The Administration has additionally secured two hectares of land adjacent to the Depot for its expansion. The deputy mayor, in his speech at the inauguration, cited the Depot and Sheger Bakery as examples of projects focusing on benefiting middle and low-income citizens.


Radar

Sovereign Fund Reviews Mid-Year Performance of Line Companies, Calls for Strategic Improvements

Ethiopian Investment Holdings (EIH) launched its mid-year performance review for its portfolio companies, displaying mixed results for the first half of the fiscal year. Ethiopian Sugar Industry Group (ESIG) reached 95.3pc of its sales goal, selling 64,190tn of sugar for 6.1 billion Br—a 132pc year-on-year growth—despite capacity and supply issues. The Ethiopian Petroleum Supply Enterprise (EPSE) met 92pc and 97pc of its purchase and sales targets, respectively, stating it has benefitt...


Radar

Digital Pay Uptake Booms Among SMEs, Visa Study Finds

Over 80pc of surveyed small- and medium-sized Enterprises (SMEs) have started accepting digital payments in the last two years, according to a new Visa report titled, ‘Value of Acceptance: Understanding the Digital Payment Landscape in Ethiopia'. Citing increased convenience, the report indicates reduced fraud risk and improved efficiency as factors in the uptake. A substantial 66pc of these SMEs believe that investing in digital payment technologies will support future business growth. The...


Radar

ILO Tackles Agricultural Wage Gap

The International Labour Organization (ILO) launched the Setting Adequate Wages in Agriculture (SAW-A) Project last week, with support from the German Federal Ministry for Economic Cooperation & Development (BMZ), seeking to promote fair wage policies, enhance collective bargaining, and support the establishment of minimum wage mechanisms to improve the livelihoods of agricultural workers. The sector employs over 80pc of Ethiopia's workforce, making it the country's largest employment sec...