Jigjiga Bypass Asphalt Road Construction Launches

Jun 12 , 2021


[ssba-buttons]

A local constructor started the construction of the Jigjiga-Bypass asphalt concrete road in the Somali Regional State. The launching ceremony of the construction of road, which will be seven kilometres long and 30m wide, took place on June 9, 2021, in the presence of the President of Somali Region State, Mustafa Mohammed Omar. Aiming to ease the road traffic in the city and contribute to the progress of the city, the government allocated a budget of 672 million Br and awarded the works to a local contractor, Yirgalem Construction, while consulting will be handled by another domestic company, ELDA Engineering. The contractor is expected to build pedestrian walkways, a bicycle lane, a greenery area, water pipes, and a 90m long bridge. The project is expected to be completed in 18 months.


Radar

Korenti, Agelegel Microfinance Ink EV Financing Deal

Korenti Auto Trading PLC has signed a strategic agreement with Agelegel Microfinance to provide accessible financing options for electric vehicle (EV) buyers. The partnership seeks to ease EV ownership by offering fair pricing and loan packages with affordable rates. The initiative supports Ethiopia's push for clean transport and aligns with national sustainability goals. Korenti's managing director said the move reflects the company's commitment to expanding electric mobility. Customers can now...


Radar

NBE Leads Week-Long Bank Supervision Application Forum

The National Bank of Ethiopia (NBE) is hosting a week-long Bank Supervision Application (BSA) User Group meeting that began on July 7, 2025. The BSA system, developed by a pan-African consortium of central banks including the NBE, automates supervisory work for financial regulators. NBE will take over the rotating BSA chairmanship in September. Opening the session, Frezer Ayalew, Director of Bank Supervision, stressed the need for modern tools to handle growing regulatory demands amid cyberse...


Radar

Six Fuel Companies Banned, Seven Warned, Authority Noted Illicit Activity

The Ethiopian Petroleum & Energy Authority has taken disciplinary action against 13 fuel distribution companies for illegally trading 2.8 million litres of fuel outside the digital system in the past two months. Six firms face a one-month suspension from the fuel import and trading market, while seven others received final warnings and must rectify their operations within a month. Director General Destawe Mekwanant (PhD) said the companies failed to monitor fuel stations and ensure proper...