Enterprise Bags 131m Br in Half Year

Jan 19 , 2019

The Ethiopian Toll Road Enterprise earned 131 million Br in revenue during the first half of the current fiscal year. The Enterprise earned the income from the four-year-old Addis Abeba-Adama Expressway, through which over four million cars have passed in the past six months. The firm also maintained four kilometres of guardrails and installed 460 road studs. The Enterprise is currently working to open up its second toll road, which runs from Dire Dawa to Dewelle, to traffic. It is also in the process of establishing a tariff for the 220Km road, setting up its branch office and installing electronic monitoring equipment.



A street lamp around Addis Abeba Stadium melds into the concrete backdrop emblematic of the capital's ageing infrastructure. Over the past few years, Ethiopia's electric grid has been subject to destruction and theft, subjecting the public treasury to hundreds of millions in losses. Nearly half of the country's population does not have access to electricity. A series of projects by the World Bank has contributed to the slight but essential upgrade to the nation's grid, including a 500 million do...



A trio of donkeys drag along the main road in front of Menlik School around the Arat Kilo area. While the four-legged domestic animal is a venerated member of the Ethiopian labour force, its skin and meat are increasingly valued in the international markets. Rhong Chang, a donkey slaughterhouse operating in Assela Town, Oromia Regional State reopened its services after a seven-year break two years ago. Public outroar has often accompanied the entrance of donkey abattoirs into Ethiopia since anot...



A bustling market emerges under a bridge in the boroughs of the Bole Michael area. Addis Abeba City Administration has launched a series of aesthetic initiatives embalmed in themes of beautification and urbanisation that have removed thousands of shops built with makeshift tents. Above a quarter of Addis Abeba's labour force is engaged in the informal economy, which while often associated with connotations of illegality, remains a sizeable employer in emerging economies across the world. Calibra...