COVID-19 Insurance Policy Covers Drivers, Assistants

Dec 26 , 2020

A life insurance policy for cross-border drivers and their assistants in relation to the Novel Coronavirus (COVID-19) has been operational as of December 24, 2020. Announced by the director of the Insurance Fund Administration Agency, Workinesh Birru, as well as representatives from the Association of Ethiopian Insurers and Cross Border Freight Transport Owners Association, the insurance will be applicable to problems arising due to the pandemic. Fifty percent of the annual premium, amounting to just over 2,000 Br for drivers and around 750 Br for assistants, is to be covered by the owners of the vehicles. In the case of death due to COVID-19, the insurance company will pay out 250,000 Br and 150,000 Br for drivers and assistants, respectively. Additionally, in the case where they are unable to work for two months due to contracting the virus, the insurance policy will compensate with 6,000 Br to drivers and 3,000 Br to assistants.


Ministry Ponders Tax Waivers for Rural Energy Solutions

Tax exemptions for off-grid energy technologies like solar pumps and mini-grids are under discussion, spearheaded by the Ministry of Water & Energy. Commonly used by rural households, officials disclose their simultaneous plan to develop 300 mini-grids in the next six years. According to Birhanu Weldu, the lead executive of rural energy technology development, the initiative tackles the country's low electrification rate and reliance on charcoal and firewood. Charcoal, fuel wood, and...


Rural Land Proclamation Comes to Light

A landmark legislation that grants title holders in rural areas the right to use the property as collateral was unanimously ratified by Parliament last week. It primarily focuses on extending access to finance for farmers and pastoralists, through a structured land title system. It also introduces criminal penalties for the illegal transfer of property. Replacing the 18-year-old proclamation for rural land management, the law sentences individuals engaging in land invasions and unauthoris...


Ethiopian Unveils $50m Domestic Terminal Renovation

With a rising demand for domestic travel, Ethiopian Airlines has renovated its terminal at Addis Abeba Bole International Airport with 50 million dollars to handle customers. The expanded terminal has doubled its previous size to 25,750Sqm and accommodates 200 daily flights to and from 22 domestic destinations. It includes four contact gates, 10 remote departure gates, 22 check-in counters with automated baggage screening systems, shops and restaurants. The terminal also features a dedica...