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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Coffee Exports Bring in $1.5B in Third Quarter

Ethiopia has earned 1.5 billion dollars from coffee exports over the nine months of the fiscal year. The country had set a target to earn a little over a billion dollars by exporting 201,959tns of coffee during the same period. According to Adugna Debella (PhD), director general of the Ethiopian Coffee & Tea Authority, the export strategy continues to focus on major international markets, with the top 10 destinations, including Saudi Arabia, Germany, and the United States (SU), accounting...


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Central Bank Holds Fourth Exchange Auction

The National Bank of Ethiopia(NBE) sold one dollar for 131.4961 birr in its recent auction. It was reported that 26 banks participated in this auction, which took place last week on Thursday. In a statement issued by the National Bank  following the auction, it was indicated that 70 million dollars was offered for the event. Subsequently, it was reported that 96 pc of the foreign exchange needs of the participating banks were met. In the previous auction, held 15 days ago, the bank had of...


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City Registers 64,075 Births in Fiscal Year

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