Office Initiates Road Network Information System

Oct 31 , 2020


The Ethiopian Road Fund Office has initiated the development of an Ethiopian Road Network Information System in collaboration with Addis Abeba University's Institute of Architecture, Building Construction & City Development. Currently, the Office is in the process of procuring a satellite road network database for the system as regional states submit their road layouts to the Institute. It amassed revenues of 733.5 million Br over the first three months of the current fiscal year. The revenues were collected from tariffs imposed on petroleum, driving licenses and annual renewal fees, and tolls from cross-country buses. The Office, which achieved 98pc of its goal for this quarter, has funneled 104.4 million Br from the mobilised resources to regional states and the Ethiopian Roads Authority for road rehabilitation and other expenses. It has also allocated half a billion Birr to be distributed to road agencies for rehabilitation projects upon the submission of plans


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Ministry Secures $86m Grants

An 86.18 million dollar grant agreement was signed between the Ministry of Finance, UNICEF and UNFPA last week to support the agencies' ongoing country programs for the fiscal year. Out of the total grant, UNICEF committed 70 million dollars to support its water, nutrition, education, health, sanitation, child protection, and gender projects. Meanwhile, UNFPA pledged 16.1 million dollars for family planning, maternal health, adolescent and youth development, and gender equality and women empo...


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Authority Reports Fuel Import Stats

Ethiopian Petroleum & Energy Authority (EPA) disclosed that 3.2 million tons of fuel were imported into the country during the last fiscal year. The figure includes 2.04 million tons of diesel and 767,672tns of benzene. In the past fiscal year, the digital payment system, Telebirr, facilitated transactions totalling 103 million volumes worth 61.8 billion Br. Of these transactions, 81.39pc were for diesel, while 17.82pc were for benzene. The number of fuel stations increased from 682 to...


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Commercial Bank Collects $3.2b in Foreign Currency

The Commercial Bank of Ethiopia (CBE) announced robust performance in foreign currency collection for the past fiscal year, achieving 3.2 billion dollars in total mobilisation. This includes 2.07 billion dollars in remittances, with the Bank's Diaspora banking service and CBE Birr contributing 89.9 million dollars to the total. The performance details were shared during CBE's annual review meeting last week. "This achievement is particularly gratifying given the challenging economic climat...


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