Prime Minister Confirms Fuel Subsidy Lift Begins Next Month

Jun 18 , 2022

"Fuel subsidies are sapping a vast amount of resources," Prime Minister Abiy Ahmed (PhD) told parliamentarians last week. He confirmed the federal government would go ahead with its plan to lift the subsidies off progressively beginning next month. Officials at the Ministry of Transport & Logistics have identified a quarter of a million public transport vehicles that will continue to benefit from the subsidies for the coming five years. All other vehicle owners will have to pay full price at pumping stations beginning July 2023. The state-owned Ethiopian Petroleum Supply Enterprise imports an average 2.7 million litres of fuel daily. The petroleum products are distributed through close to 40 oil companies and over 1,200 pumping stations.


Ministry Ponders Tax Waivers for Rural Energy Solutions

Tax exemptions for off-grid energy technologies like solar pumps and mini-grids are under discussion, spearheaded by the Ministry of Water & Energy. Commonly used by rural households, officials disclose their simultaneous plan to develop 300 mini-grids in the next six years. According to Birhanu Weldu, the lead executive of rural energy technology development, the initiative tackles the country's low electrification rate and reliance on charcoal and firewood. Charcoal, fuel wood, and...


Rural Land Proclamation Comes to Light

A landmark legislation that grants title holders in rural areas the right to use the property as collateral was unanimously ratified by Parliament last week. It primarily focuses on extending access to finance for farmers and pastoralists, through a structured land title system. It also introduces criminal penalties for the illegal transfer of property. Replacing the 18-year-old proclamation for rural land management, the law sentences individuals engaging in land invasions and unauthoris...


Ethiopian Unveils $50m Domestic Terminal Renovation

With a rising demand for domestic travel, Ethiopian Airlines has renovated its terminal at Addis Abeba Bole International Airport with 50 million dollars to handle customers. The expanded terminal has doubled its previous size to 25,750Sqm and accommodates 200 daily flights to and from 22 domestic destinations. It includes four contact gates, 10 remote departure gates, 22 check-in counters with automated baggage screening systems, shops and restaurants. The terminal also features a dedica...