Road Fund Generates 2.8b Br

Jul 18 , 2020


[ssba-buttons]

The Ethiopian Road Fund Office has generated 2.8 billion Br during the just ended fiscal year of 2019/20. The office has collected the revenue from the road fund tariff levied on fuel, oil and grease, road use, interest from the treasury documents, and weight-based road fund annual vehicle renewal fees. The Office, which succeeded in collecting 91pc of its planned revenues, intended to collect 2.89 billion Br for the year. Road fund tariffs on fuel have generated 2.7 billion Br and oil and grease tariffs have brought in 3.8 million Br. In comparison, road use fees and document interests have brought in 4.3 million Br and 1.3 million Br, respectively. Annual road fund vehicular renewal payments account for 140 million Br. The Office has overseen the maintenance of 14,532Km of roads during this recent fiscal year and has carried out technical audits to ensure that the repaired roads are in good condition. It also procured 600 million Br worth of road maintenance machinery.


Radar

Ethiopia Unveils Consortium to Insure Millions of Farmers

Ethiopia has launched its Agricultural Insurance Consortium (AICE), pledging to protect three million farmers by 2026. Announced on July 3, 2025, at the Hyatt Regency, the initiative is backed by Pula Advisors and five major Ethiopian insurers. AICE plans to promote climate resilience through insurance bundled with the government's input voucher system. Leveraging AI platforms like Mavuno and PIE, it plans to standardise products, lower costs, and expand coverage to over 200 woredas. With agricu...


Radar

New Coopbank Partnership Targets Youth Economic Empowerment

The Cooperative Bank of Oromia (Coopbank) has signed a strategic agreement with Melka Ethiopia to provide loan services to over 120,000 young men and women nationwide. The partnership plans to promote youth economic empowerment by expanding access to finance and creating jobs, with a strong focus on rural and underserved areas. Both institutions held joint discussions to explore ways to improve youth livelihoods and financial inclusion. By closing access gaps, the partnership is expected to help...


Radar

Ethiopian Netpreneur Program Training Kicks Off

The Ethiopian Netpreneur 2025 Training Program has officially launched its first cohort in Addis Abeba with 64 entrepreneurs beginning their first round of training. Organised by the Global Digital Talent Academy, the initiative plans to empower local business owners, startup founders, and digital sector players with global-level e-commerce skills. At the launch event, Innovation and Technology Minister Belete Mola (PhD) urged participants to leverage the opportunity to build networks and shape...