Driving Speed Shows Decline: Report

Feb 23 , 2019

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.  


DDR Initiative Gets 16m Boost

A 16 million euro initiative to facilitate the disarmament, demobilisation, and reintegration (DDR) of nearly 370,000 ex-combatants was launched last week. Financed by the European Union (EU) the program will be implemented across eight regional states. It is overseen by the National Rehabilitation Commission (NRC), the agreement was signed at the Ministry of Finance's headquarters on King George St. Key figures including Semereta Sewasew, state minister for Finance; Teshome Toga, commissioner...


Central Bank Launches Youth Enterprise Forum

A financial education program targeting youth and Medium & Small Enterprises (MSMEs) was launched by the National Bank of Ethiopia (NBE) last week. It aims to equip interested trainees with personal and professional knowledge through experts from banks and microfinance institutions who will provide comprehensive training. The training modules, developed in collaboration with The First Consult and BRIDGE, cover several angles of financial literacy, including deposits, digital financial servic...


ArifPay Takes a Leap with Massive Capital Boost

Shareholders of ArifPay Financial Technologies S.C. have taken a significant stride by resolving to raise the company's paid-up capital to 300 million Br. The decision doubles down from the current 140 million Br marking a substantial increase. ArifPay, was established by 142 shareholders and secured the distinction of being the first payment operator licensed by the National Bank in 2021. CEO Bernard Laurendeau emphasised the critical timing of this capital increase, aligning with the company...