Petrol Company Plugs EV Charging Station


Petrol Company Plugs EV Charging Station

A pioneering fast electric car charging public station was inaugurated at TotalEnergies Airport Road (Bole Road) outlet last week. Sharla Abdulahi, director-general of the Ethiopian Petroleum & Energy Authority, Ambassador Rémi Marechaux, French Ambassador to Ethiopia, and Christophe Ferrand, managing director of TotalEnergies Marketing Ethiopia, attended the inauguration ceremony. The federal government has championed transitions to electric vehicles, reducing tariffs to nearly zero and promoting alternatives to internal combustion engines. A few months ago, Minister of Transport & Logistics Alemu Sime (PhD) announced before parliament a forthcoming ban on the import of gas-powered vehicles for personal use. Meanwhile, the import of electric vehicles has nearly doubled compared to three years ago, with 72 million dollars worth entering the country last year. Although there were close to 60 charging stations nationwide, the Ministry recently proposed a draft directive outlining conditions for constructing charging stations, including provisions that allow them to be built on the premises of fuel stations.


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Tech Ministry Falters as Audits Expose Mismanagement, Unmet Ambitions

The Ministry of Innovation & Technology is under scrutiny after an audit revealed lapses in project management and financial oversight. This raised questions about governance standards within a Ministry central to the country's tech-driven growth ambitions. According to the Federal Auditor General, the Ministry has completed only 11pc of its planned projects with its overall financial administration standing at 37.4pc for a year-long project that commenced in 2022. Budget mismanagement an...


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Central Bank Keeps Lending Lid Tight as Inflation Squeezes Economy

The Central Bank has reaffirmed its decision to maintain an 18pc cap on credit growth, reinforcing a commitment to tighter monetary policy during persistent inflation and economic uncertainty. The National Bank of Ethiopia's (NBE) monetary policy committee cited ongoing concerns over inflation, which stood at 19.9pc year-on-year (YoY), and liquidity imbalances as reasons to uphold the restriction on lending. Bankers and analysts interpret this move as evidence of regulators' determination to...


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Ethio Telecom Expands Services with DStv Streaming

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