Enterprise Earns 200m Br

Apr 13 , 2019

The nation’s first toll road has generated 204.8 million Br in the first three quarters of the current fiscal year, achieving 86.5pc of its plan. The Ethiopian Toll Roads Enterprise reported that 6.3 million cars used the road and generated 191.5 million Br. Advertisement and towing services generated the remaining 13.3 million Br. Built for 11 billion Br, of which the government covered 43pc, the road extends from Addis Abeba to Adama. The 31m wide, six-lane toll road took five years to complete. It operates with 600 permanent and temporary employees and has seven toll plazas that collect fees.



Street vendors around the Shola area take a rest in the shades of the capital's newly planted trees. Upon reporting on its 10-month performance before Parliament, the Agriculture Minister, Girma Amentie indicated that up to 43pc of the arable land in the country has been rendered acidic. This requires large amounts of limestone to be imported from abroad; the tight forex crunch has not allowed the Ministry of Finance to fund the endeavour easily. Following the rallying call of the Prime Minister...



Residents of communal houses around the Weji area hang their clothes on the fences outside. Textile manufacturing accounts for 87pc of Ethiopia's products from industrial parks. Expulsion from the African Growth & Opportunity Act (AGOA) due to the war in the North resulted in Ethiopia being expelled from the preferential trade act. Most companies choosing to rent sheds within the industrial parks do so out of a desire to access the duty-free privileges provided for African countries. Ethiopi...



Vendors put traditional beauty products from the Somali Regional State for sale around Mexico area. In November of last year, the Ministry of Finance banned imported goods under 38 categories, including cosmetics, packed foods, and furniture, from accessing letters of credit. The move resulted in the tripling of costs for cosmetic items like lipstick and nail polish. As Ethiopia ran a 14 billion dollar merchandise trade deficit last year due to import bills hiking by 26pc , a tight clampdown on...