Ministry Issues Curfew for Gas Stations 

Nov 7 , 2020


[ssba-buttons]

The Ministry of Trade & Industry has announced a curfew for the service hours of gas stations across the country. The new time cap, which has been effective as of November 6, has specified the interval for filling at the stations from 6:00am to 8:00pm across the capital. Gas stations located in regional states are allowed to function between 6:00am and 7:00pm. This comes following a new scheme to control the circulation, dispersion and marketing of petroleum products, according to Wondimu Filate, communications director at the Ministry. The new curfew for gas stations has been set up in order to avoid artificial price increments and hoarding of petroleum products following the current situation of the country, according to him. There are close to 121 fuel stations in the capital city. The Ministry has also announced that opportunistic increases in the price of basic perishable commodities will be punishable by law. The implementation will be carried out by a task force that was set up to supervise hoarding and price hikes following the onset of the Novel Coronavirus (COVID-19) in the country.


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...