Corporation Introduces Flat Rate Train Tariff

Aug 17 , 2019

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.


Ethiopian Seafarers Contribute $50m Annually in Remittances

Ethiopian Maritime Authority disclosed 50 million dollars in annual remittances from seafarers deployed internationally. Abdulber Shemsu, the director general of the Authority, said Ethiopia's membership in the International Maritime Organisation (IMO), establishes global standards and guidelines for safe, secure, and environmentally sustainable shipping practices. With 176 member countries and three associate member countries, including Ethiopia, the IMO provides a framework for ensuring...


AfDB Launches $1.5m Initiative to Propel Agro-Industrial Parks

A 1.5 million dollar initiative for the development of three Agro-industrial parks was commenced last week. Financed by the African Development Bank (AfDB), the project includes feasibility studies, a master plan, and an environmental and social impact assessment. The Phase Two project, which includes capacity building for stakeholders, was initiated last week with an agreement between Semereta Sewasew, state minister for Finance and Gunther Beger, managing director of UNIDO. Semereta said...


Cabinet Approves Public Service Legislation

Council of Ministers has unanimously approved the legislation that aims to raise the competency and professionalism of public service in the country. The Federal Civil Servants Proclamation is pending ratification from Parliament. The decision was made during the 30th meeting of the Cabinet last week, which follows the ratification of the public service and administrative policy. Currently, the 176 federal agencies within 22 ministries, collectively employ around two million people. The polic...