Corporation Introduces Flat Rate Train Tariff

Aug 17 , 2019


[ssba-buttons]

Ethiopian Railway Corporation revised the train tariff for the Addis Abeba Light Rail Service to a flat rate of four Birr for all trips. Becoming effective on August 18, 2019, the new tariff amendment aims at creating a secure control system to modernise the ticket system and to minimise the cost to publish tickets. For the past three years since the light railway became operational, the Corporation was charging two, four or six Birr depending on the distance of the trips. The decision comes after the Corporation conducted research and held discussions with the Addis Abeba Transport Bureau to implement consistent pricing. Addis Abeba Light Rail Transit, which gives service for 120,000 people a day, earned three million dollars during the first nine months of the past fiscal year by transporting 29 million passengers.


Radar

Ministry Showcases Arada Branch Revenue Gains

Arada District's Land Development & Administration Branch pulled in over 150 million Br in just 70 days, beating its 90-day target. Most of the revenue came from annual lease collections and service fees. The office also billed 126 property owners for roof and fence valuations, already securing 20 million Br of the expected 46 million Br. Officials issued warnings to 15 allottees slow to start construction and recommended land right revocations in 11 cases. Leaders credited a more efficient...


Radar

Ministry Backs Blended Finance for Micro, Small Enterprises

The United Nations Capital Development Fund (UNCDF) is partnering with Ministry of Finance to expand financial access for micro and small enterprises through blended finance and digital tools. Off-balance-sheet facilities are designed to attract private investors and Development Finance Institutions (DFIs) by reducing risk and improving capital flow. Digital platforms, including mobile money and digital IDs, will lower transaction costs and broaden reach. The initiative supports job creation and...


Radar

National Electricity Network Set for Upgrade

Ethiopia Electric Utility (EEU) plans to expand the national electricity grid by 8,689 km in the 2026 fiscal year, Yohannes Tonja, head of Performance Monitoring and Evaluation, said. The rollout includes 86,789 km of medium-voltage lines, 92,572 km of low-voltage lines, and pre-maintenance on transformers. EEU will also rehabilitate 1,218 km of medium-voltage lines, install 1,893 transformers, and upgrade 308.7 km of low-voltage infrastructure. Operational targets include cutting power interrup...