City Transport Bureau Completes $16.5m Bus Procurement

Sep 10 , 2022


[ssba-buttons]

The Addis Abeba Transport Bureau has deployed 110 new buses acquired at a cost of over 16.5 million dollars for public transit as the capital continues to struggle with public transportation challenges. Operating under the state-owned Anbessa City Bus Services Enterprise, the buses were inaugurated during a ceremony held last week at Mesqel Square. Zhengzhou Yutong Bus Ltd, a Chinese manufacturer of commercial vehicles, supplied the buses. The buses were paid for through a loan secured from the World Bank. A shortage of vehicles and long queues at terminals and stations is common in the capital, where over 2.7 million residents are dependent on public transport. The Transport Bureau deploys no less than 8,000 minibuses and nearly 1,500 buses, including 425 operated by Sheger Mass Transportation Services Enterprise. The Anbessa City Bus Services Enterprise runs a fleet of 650 buses.


Radar

AMG Holdings Breaks Ground on Industrial Rail Link to Ethio-Djibouti Railway

AMG Holdings has launched construction on a 2.5-kilometer railway connecting its Sheger Industrial Park to the Ethio-Djibouti Railway's Endode Station. The Ethiopian-led project comprises 1.7 Kms of main track and 800 meters of side rail. Chief Project Manager Engineer Nigist Hailu said the line is expected to be completed within six months, facilitating the transport of raw materials and finished goods to Djibouti's port. More than 100 local workers have already joined the project, with addi...


Radar

Ethiopian Deposit Insurance Fund Achieves Full Q1 Collection Target

The Ethiopian Deposit Insurance Fund collected 2.08 billion Br in the first quarter of 2025. This meets 100 percent of the target and represents a 26.83 percent increase compared with the same period last year. The rise in premiums was attributed to higher deposits from member financial institutions. To date, the fund has collected a total of 15.93 billion Br in premiums from member institutions, with 14.51 billion Br coming from regular deposits and 1.42 billion Br from interest-free depo...


Radar

Oromia Bank, Ethiopian Airlines Introduce Fly Now, Pay Later via Milkii Digital App

Oromia Bank's Milkii Digital App, launched on May 3, 2025, has introduced a “Fly Now, Pay Later” service that lets customers book Ethiopian Airlines tickets using digital loans, with payments spread over six months after travel with 16.5 interest rate and allows customers to book flights upto 300,000 Br. Developed in collaboration with Ethiopian Airlines, the platform is part of a broader effort to expand digital finance and simplify access to services. The initiative seeks to enhance conven...