HOT WHEELS


HOT WHEELS

A truck catches fire after ramming into a metal partition last week, around the Welo Sefer area on Africa Avenue (Bole Road). Traffic accidents are a common sight in the streets of the capital, where the country as whole registers around 5,000 fatalities yearly. A report by the Addis Abeba Transport Bureau recently revealed that 78pc of casualties recorded are pedestrians in accidents. The World Bank funded a 300 million dollar project labelled TRANSIP in 2016 to improve several aspects of the country's transport sector, where driving licenses are set to contain biometric data before the year ends.  

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City Unveils Major School Expansion Across 11 Districts

Addis Abeba City Administration has launched 150 education projects valued at over 5.2 billion Br ahead of the 2026 academic year. Spread across the capital's 11 districts, the rollout includes 14 newly built schools and upgrades to 64 existing facilities, adding 1,655 classrooms alongside ICT labs, libraries, and sports fields. City officials say the investment is part of efforts to improve access and quality of education, with infrastructure designed to accommodate students with disabilitie...


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Santim Pay Launches Locally Assembled POS Machines

Santim Pay Financial Solution S.C. has begun assembling Point of Sale (POS) machines in Ethiopia, with its new facility assembling up to 300 units daily. The devices run on locally developed software and are priced below imported alternatives. Directed towards domestic commercial institutions, the move supports digital payment growth while reducing dependency on foreign suppliers. The company has also launched repair services to boost device durability and service availability. The fintech compa...


Radar

KEFI Confirms Key Milestones, Kickstarts Tulu Kapi Resettlement

The London-listed KEFI Gold & Copper has initiated the community resettlement process for their Tulu Kapi gold project found in the West Welega Zone. Funded from KEFI's own reserves ahead of broader project financing, underscoring the urgency to commence full development. Resettlement is being implemented by the Ethiopian government under World Bank standards. The announcement was made during a mining forum held at the Ethiopian Embassy in London, which was co-hosted by the British Embass...