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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EIH Sets Stage for Integrated Farming Development

Ethiopian Investment Holdings (EIH) and its subsidiary Ethiopian Agricultural Business Corporation (EABC), and Asset Green have finalized a Shareholders Agreement (SHA) to jointly develop an integrated dairy and commercial farming project. The deal, valued at approximately USD 600 million, will be executed in two phases with the first developing a dairy farming and processing operation on 15,000hct alongside integrated feed farming to secure a sustainable supply chain. The second phase will expa...


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Electric Utility Gets New CEO

A leadership change at Ethiopian Electric Utility (EEU) has been implemented by Ethiopian Investment Holdings (EIH) with Shiferaw Telila replaced by Getu Geremew as the new CEO. Shiferaw held the role since 2018. At EEU headquarters, Brook Taye (PhD) stressed the need for quality, corruption-free service and zero blackouts. Acknowledging past service shortcomings, Getu offered an apology to customers and stakeholders. He pledged the company's dedication to improving electricity reliability an...


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CAPITAL BRIDGES

Tilahun Kassahun (PhD), CEO of the Ethiopian Securities Exchange shares a joyful moment with government executives. He is joined by Angela Rayner, UK Deputy Prime Minister, Hana Tehelku, director general of the Ethiopian Capital Market Authority, and Ahmed Shide, Minister of Finance, at the ESX headquarters in Nile Building. They celebrated the UK government's support in establishing the Exchange, which included a 760,000-dollar (600,000-UK pound) contribution via FSD Africa for a technical advi...