New Taxi-Hailer Commences Operations

Dec 14 , 2019

Etas Taxi System, the 17th taxi hailing service provider in the country, started operations as of December 12, 2019. Biza Ride Plc, a manual that is implemented only on code-1 taxis, is based on a fixed tariff scale. The company secured a license from the Addis Abeba City Administration Transport Authority on August 30, 2019, after fulfilling trade license requirements, a nation-based server, offices and a call centre. The company has already made a cooperation agreement with Avanza Meter Taxi Association, according to Junedin Besha, general manager of Biza Rides Plc. Etas was established with 20 million Br in capital, has 12 employees and joined the market with a call code of 6288.


Pivots in Business Maze

A set of projects spearheaded as part of ease of doing business reform with a 7.2 million euro finance from the European Union (EU) is set to improve and navigate the lingering concerns in Ethiopia's business landscape. E-governance projects are undertaken by GIZ International Services and Mckinsey & Company in cooperation with five federal agencies, including the Justice, Trade,  Innovation, Revenues ministries and National Bank of Ethiopia (NBE) are part of the wider plan to improve the d...


Dashen Bank Board Reinstates its Chair

Dashen Bank re-appoints Dula Mekonnen as its Board Chairman, extending his tenure for another three years. The decision was made during a board of directors meeting held at the Sheraton Addis Hotel last week. Dula holds a first degree in electrical engineering from the Adama Science & Technology University and a graduate degree in business management. With a diverse leadership background spanning three decades, Dula has served as a manager at Ethio-Leather Industry Plc and managed Wenji S...


Digital Fuel Transactions Soar Amid Subsidy Drop

Nationwide digital fuel transactions have exceeded the 155.4 billion Br mark, as the Ethiopian Petroleum & Energy Authority released a half-year report last week. Consistent reductions in fuel subsidies have led to the fuel price stabilisation fund hitting an all-time low of 117.4 billion Br, a decrease of 79.6 billion compared to the previous year. The report highlights the successful monitoring of subsidies across the country's 1,589 fuel stations, benefiting nearly 200,000 transporters...