Enterprise Amasses 352m Br in 11 Months

Jun 27 , 2020


The Ethiopian Toll Roads Enterprise has collected more than 352 million Br in revenues during the past 11 months of the current fiscal year. The Enterprise earned the money from the two operational toll roads, namely the Addis Abeba-Adama and Dire Dawa-Dewale expressways. Part of the revenue was collected from the eight million cars that used the two roads. The expressways, which operate 24 hours a day, have generated 323.8 million Br through fees, while the remaining value was generated from other services, including advertising space fees along the roads as well as towing services. The Enterprise also reported that traffic accidents on the roads have decreased by 50pc compared to the same period last year. It has also been engaged in strengthening its database and road light expansion as a means of generating more income. The Mojo-Hawassa Expressway, spanning 202Km, connects the towns Mojo-Meki, Meki-Ziway, Ziway-Arsi Negele and Arsi Negele-Hawassa.


Radar

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...


Radar

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...


Radar

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...


Back
WhatsApp
Telegram
Email