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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Ethio Telecom Launches New Marketplace with Cash-Back Guarantee

Ethio Telecom has launched Zemen Gebeya, a nationwide digital marketplace integrated into the telebirr SuperApp, offering a secure platform for consumers and businesses to trade goods and services. The platform includes a built-in escrow service, allowing payments to be held temporarily until the buyer confirms delivery. If a product is not delivered or the buyer is dissatisfied, the payment is returned—creating a cash-back guarantee model designed to build trust in online transactions. Lau...


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Ethiopia-Israel Business Forum Opens Doors to Investment Opportunities

The Ethiopia-Israel Business Forum took place last week at the Hyatt Regency Addis Abeba, bringing together Ethiopian government officials and investors from Israel. Officials presented a range of investment opportunities, while Israeli investors expressed interest in entering the market. The forum opened with remarks from the foreign ministers. Gedion Timotheos, Ethiopia's Minister of Foreign Affairs, used his address to extend a formal invitation to the Israeli business community, stressing...


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National Bank Injects Millions Through Foreign Currency Auction

The National Bank of Ethiopia (NBE) is continuing its push to stabilise the foreign exchange market, injecting millions of dollarss into the economy through a series of currency auctions. According to official data, the latest auction was held on May 7, 2025, during which 60 million dollars was supplied to 16 participating banks at an average exchange rate of 132.9643 Br per dollar. In the previous month, the NBE held two auctions: 70 million dollars was offered on April 16 to 26 banks at an...