Electric Vehicle Charging Rules Take Shape

May 18 , 2024


[ssba-buttons]

  A bill proposing technical standards, licensing requirements, and safety measures for electric vehicle (EV) charging stations was up for public consultation two weeks ago. The proposed regulations aim to set standards for the quality of energy supply and safety of charging stations, accelerating the implementation of EV-specific legislation. Seharla Abdulahi, director general of the Petroleum & Energy Authority, said as the number of EVs on the roads increases establishing regulations becomes paramount. Representatives from the gas station industry called for tax breaks and subsidies to incentivise investment in charging station development. According to Ahmed Seid, deputy director, the potential for existing gas stations to incorporate electric charging options, eliminating the need for new land acquisition. He cited successful examples from developed countries where gas stations offer both gasoline and electric fueling options. This public consultation comes after the recent federal government ban on importing internal combustion engine vehicles for personal use, a move aimed at transitioning the nation towards a greener economy. EV imports have nearly doubled in the past three years, with a record 72 million dollars worth entering the country in 2023, coinciding with a progressive decrease in customs tariffs.


Radar

Nib international Bank Faces Heavy Hit from Forex Revaluation, Pays 348 Million Br in Penalties

Nib International Bank S.C. (NIB) has reported a significant loss of 2.9 billion Br, primarily due to extraordinary foreign exchange revaluation losses, this past Saturday, during its annual shareholders meeting at the Millennium Hall on Africa avenue, Airport Road. The bank faced substantial penalties amounting to 348.4 million Br. These penalties included a 251 million Br fine for liquidity shortages and a 97.4 million Br charge for violations related to Real-Time Gross Settlement (RTGS) payme...


Radar

Railway Network Upgrade Positioned as Engine of Economic Transformation

The National Railway Business Summit took place at Skylight Hotel on October 21, 2025, signalling a historic step in modernising its railway network as a foundation for national development and regional connectivity. Government officials, industry leaders, investors, and experts from around the world convened to discuss infrastructure expansion, financing models, and technology adoption. Asma Redi, chief portfolio director at Ethiopian Investment Holdings, noted that the Ethiopian Railways Co...


Radar

Gold Prices Ease After Recent Surge

The price of gold, which surged sharply in recent weeks, has started to decline in the current selling market. Over the past 15 days, 21-carat gold has traded between 24,000 and 25,000 Br per gram for imported products and around 21,000 Br for local gold. Imported 18-carat gold sold for 21,000 Br, while local 18-carat pieces were priced at 19,000 Br. Traders note that the recent increase was twice as high as typical fluctuations, attributing the spike to export patterns from Arab countries. ...