Enterprise Bags 192m Br in Half Year

January 11 , 2020

The Ethiopian Toll Roads Enterprise generated 192 million Br in revenue during the first six months of this fiscal year.

The Enterprise earned the income from the Addis Abeba-Adama Expressway and the Dire Dawa-Dewelle Toll Road through which over 4.5 million cars used the roads in the reported period, as well as from advertisement revenue.

Out of the total revenue, the Enterprise collected 10.3 million Br from renting spaces for advertisements and offering tow truck service. 

Traffic accidents on the roads have declined by half, from 12 to six compared to last fiscal year's same period.  

The Addis Abeba-Adama Expressway, the first toll road in the nation, was inaugurated five years ago and was constructed with 11.2 billion Br. The 31m-wide, six-lane expressway took five years to complete and shortened the total travel time between the two cities from two hours to 45 minutes.

The second toll road of the nation, which stretches from Dire Dawa to Dewelle covering 223Km with asphalt, was inaugurated last June.


UNDP Nods $2m for National Dialogue

United Nation Development Program (UNDP) has signed an agreement with the Ministry of Finance and National Dialogue Commission, allocating 2.2 million dollars for the upcoming national discussion. Managed by an independent trust fund, and in addition to the annual budget allocated by the Ethiopian government, UNDP is looking to set up a financial buffer scheduling to raise 32.8 million dollars in support funds from development partners over the next three years. The Dialogue Commission was est...


Street Snack

The rainy season is going to be missed for at least one reason: boiled corn on the cob. As the customer captured here, it has been an enjoyable street food for the city's residents to keep them warm. More importantly, it was a livelihood for many street vendors. ...


Stair Shop

A shop and a shoeshine stall have been set up under the stairs of an overhead bridge. In the most crowded parts of Addis Abeba, there is always some type of vendor selling everyday goods, serving the lower-income population...