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


Geda Special Economic Zone Receives Prospective Tenants

East African Holding and Ethio-Chicken have been shortlisted to invest in the Geda Special Economic Zone(GSEZ), located in the tri-state area shared by Mojo, Adama, and Shashemene cities within the Oromia Regional State. The two companies were selected from 120 investors who showed interest in acquiring space in one of the largest SEZs in Africa. Close to 404hct of land has already been developed in the expansive economic zone, out of a potential 24,000 hectares, with lease prices set between...


Standard Institute Revamps Fees, Board Restructuring

The Ethiopian Standards Institute (ESI) is set to introduce fees for standards sticker, establish a new governing board, and address collaboration with other regulatory bodies. The Institute plans to strengthen its financial standing by charging fees for standards and product certification services to support its operations and annual budget. A key change involves replacing the current Council of Standards with an 11-member Board of Directors. The Minister of Trade & Regional Integration...


Safaricom Ethiopia Rolls Out its Network to Tigray

With 125 self-built towers, Safaricom Ethiopia has launched its operations in the Tigray Regional State. Executives disclosed plans to invest in an additional 166 towers and expand their reach to the remaining towns. "This is the most exciting milestone in Tigray since the return of social services," said Getachew Reda, president of the Interim Regional State Administration. In July 2021, the consortium-backed telecom giant entered Ethiopia's market, historically dominated by state-owned E...