Driving Speed Shows Decline: Report

Feb 23 , 2019


[ssba-buttons]

The latest results of road user behaviour surveys show that speeding has decreased by 10 percentage points from 49pc four years ago. Speeding has decreased following speed limit reductions, new signage and enhanced enforcement; however, speeding is still unacceptably common. Cargo trucks and buses are the vehicles most often observed exceeding speed limits, according to the report. The report was conducted in partnership with John Hopkins University, as part of the Bloomberg Philanthropies Initiative for Global Road Safety Project that takes place in 10 cities. The report shows Addis Abeba’s prevalence of four main road safety risk factors: speeding, drinking and driving, seat-belt and child restraint use and motorcycle helmet use. It also depicts that the drink driving continued to drop to 2.4pc, highlighting the effects of successful enforcement and media campaigns.  


Radar

Ethiopia, IFAD Sign 69.2m Dollar Deal to Promote Lowland Resilience

The Ethiopian Government and the International Fund for Agricultural Development (IFAD) have signed a 69.2 million dollar grant agreement to implement Phase II of the Lowland Livelihoods Resilience Project (LLRP II). The grant agreement was signed by Finance Minister Ahmed Shide and IFAD President Alvaro Lario. The project targets climate resilience and improved livelihoods for three million people in pastoral and agro-pastoral communities. Co-financed by the World Bank, LLRP II covers eight reg...


Radar

NBE Expands Diaspora Warning Over Unlicensed Remittance Firms

The National Bank of Ethiopia (NBE) has issued an expanded public warning targeting unlicensed remittance operators abroad, flagging four U.S.-based companies it says are undermining Ethiopia's financial regulations. The warning includes newly disclosed findings and specific cases that underscore growing concerns about illicit cross-border financial activity. Remittance flows remain a vital lifeline for Ethiopia's economy, supporting households and supplying critical foreign currency. But as...


Radar

Stricter Standards Unveiled for Public Auditors, Accounting Firms

The Accounting & Auditing Board of Ethiopia (AABE) has issued a new directive aimed at strengthening oversight and professional standards in the accounting and auditing sector. Grounded in the Financial Reporting Proclamation, the directive addresses long-standing regulatory gaps while preparing the sector for the country's emerging capital market. Key provisions introduce stricter licensing standards for public auditors, professionals permitted to audit public interest entities. Applican...