Speaker, Deputy Mayor Talk

Takele Uma and city council members held a discussion at parliament focused on developmental measures taken by the council since Takele came to office.


Speaker, Deputy Mayor Talk

Takele Uma (centre-right), deputy mayor of Addis Abeba, and city council members held a discussion at parliament with MPs, including Tagesse Chafo (far-right), speaker of the House, on January 13, 2020. The discussion focused on developmental measures taken by the city council since Takele came to office. Tagesse also presented the deputy mayor of the capital - which has 23 seats in parliament and is directly accountable to the Prime Minister - with a gift.


Radar

Authority Enacts EV Charging Stations Directive

A new directive setting technical standards, licensing requirements, and safety measures for electric vehicle (EV) charging stations has been approved. Created by the Petroleum & Energy Authority (PEA), it aims to ensure the quality of energy supply and the safety of charging stations and accelerate the adoption of EVs. The directive outlines service provision regulations, including technical and safety standards as well as electricity tariff criteria. It divides public charging stations...


Radar

Fuel Prices Surge Following Subsidy Withdrawal

The Council of Ministers has authorised monthly reviews and adjustments to retail fuel prices, leading to a price hike on January 7. The increase affects gasoline, kerosene, white diesel, light black diesel, heavy black diesel, and jet fuel. Gasoline prices rose by 11.3pc to 101.47 Br a litre. White diesel and kerosene prices increased by 9.6pc, while light black diesel now costs 108.30 Br a litre, and heavy black diesel is priced at 105.97 Br. Long queues at fuel stations persisted until...


Radar

Wegagen Bank Expands into Diaspora Real Estate Market

Wegagen Bank has signed a memorandum of understanding (MoU) with Deluxe Properties to support diaspora communities in purchasing homes. The agreement was signed at Wegagen Bank's headquarters last week. Under the MoU, Wegagen Bank will provide financing to diaspora buyers of Deluxe Properties' homes. The bank offers loans covering up to 80pc of the property's cost, with repayment terms spread over 25 years. The Bank stated the initiative supports the National Bank of Ethiopia's (NBE) missi...