Road Fund Generates 2.8b Br

Jul 18 , 2020


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

Dashen Bank Rolls Out Mobile Payment Solution

Dashen Bank has introduced a new digital payment service that allows customers to pay for fuel with ease using the Dashen Super mobile app. The service was officially launched on May 13 and is now available at every fuel stations. According to the bank, the Dashen Super app enables users to make payments in just three clicks, offering a fast and convenient alternative to traditional payment methods. Dashen Bank announced that it plans to expand the service across all fuel stations in the coun...


Radar

Four Key Agreements Passed in Parliaments 29th Regular Session

In its 29th regular session of the fourth year, Ethiopia's 6th Parliament approved four key agreements: two loan deals, the establishment of a finance corporation, and an air transport agreement. Assistant Minister of State for Finance, Meseret Haile, introduced the proposed loan agreements and requested they be sent directly to a second reading for discussion and approval. Parliament accepted the request and proceeded with a detailed discussion on the draft proclamations. Members of Parli...


Radar

New Pact Targets Rural Road Links, Food Security Goals

The Ministry of Urban Development and Infrastructure has signed an agreement with several federal institutions to launch a major project targeting rural connectivity and food security. At the signing ceremony, State Minister Yetmegeta Asrat represented the Ministry alongside officials from the Federal Ethics and Anti-Corruption Commission, the Federal Public Procurement and Property Authority, the Environmental Protection Authority, and Helvetas Ethiopia. A separate agreement was also signed...