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.


Radar

Ethiopia Gears Up to Host Global Logistics Leaders in 2027

Logistics professionals are gearing up to discuss industry developments and strengthen international ties, as Ethiopia hosts the 64th World Congress of the International Federation of Freight Forwarders Associations (FIATA) after two years. The move is expected to benefit the logistics sector and broader economy, with 1,500 to 2,000 participants expected from around the world. The Congress has been held continuously for 61 years since its inception in Vienna. Ethiopia will become the third Af...


Radar

Civil Registration Agency Set to Roll Out FAYDA ID Registration Across Addis Abeba

The Civil Registration & Residency Service Agency (CRRSA) will lead the registration of the FAYDA digital ID system across Addis Ababa, covering 119 woredas, 11 districts, and the Agency's two branch offices. FAYDA is a 12-digit identification number issued by the National ID Program (NIDP), designed to provide access to digital services nationwide, collecting essential demographic data and biometric information. It is part of the Digital Strategy 2025, which aims to establish a full set...


Radar

Digital Platform Aims to Bridge Financing Gap for MSMEs

To bridge the financing gap in micro, small, and medium enterprises (MSMEs), Ahadu Bank has launched an uncollateralised digital lending platform. Dubbed 'Mahder,' the new system enables credit registers, financial record keeping and reporting, and account opening. It was developed in partnership with K.M. Dastur & Company KMD), APSIS and SNV. The absence of digital and credit infrastructure, limited data, an imbalance of risks and costs, insecure transactions and collateral registries, and...


Back
WhatsApp
Telegram
Email