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State Telco, Transport Ministry to Ink Fuel Deal

Jul 2 , 2022


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The state-owned Ethio telecom and the Ministry of Transport & Logistics are set to officialise a deal that would see transport vehicles use the former's mobile money platform to pay for fuel at gas stations. Federal transport authorities have identified a quarter of a million vehicles providing public transport services that are set to continue receiving fuel subsidies for the coming five years. All other vehicles will see subsidies lifted off next financial year, paying full price at pumping stations by next July. Transport vehicles will receive a personal identification number (PIN) code that allows them to pay at gas stations using Telebirr, where data on vehicles and their owners is stored. Hundreds of transport providers had registered on the platform by the middle of last month.


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Parliament Receives $237m Development Loan Package

The Council of Ministers forwarded two concessional loan agreements totalling 237.3 million dollars to Parliament for ratification, targeting rural infrastructure and food security. The package includes 46.3 million dollars from the African Development Bank (AfDB) for climate-resilient infrastructure in pastoralist regions. A second credit facility of 191 million dollars (146.1 million SDR) from the International Development Association (IDA) is earmarked for the sixth phase of the Productive Sa...


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MoTRI to Overhaul Consumer Protection Rules Following Cabinet Approval of Trade Policy

The Council of Ministers, led by Prime Minister Abiy Ahmed (PhD), approved Ethiopia's first unified trade policy last week, ending a three-year deliberation period to fill a decades-long regulatory vacuum,. This institutional milestone mandates the Ministry of Trade & Regional Integration (MoTRI) to overhaul consumer protection frameworks, specifically requiring a rigorous revision of the Trade Competition and Consumer Protection Proclamation to eliminate market distortions and the prolifera...


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Regional Power Exports Yield $366m as Capacity Hits 9.6GW

Ethiopian Electric Power (EEP) generated 365.99 million dollars from regional exports in the first nine months of the fiscal year as national capacity reached 9,579MW. The revenue followed the sale of 24,940GWh, representing 91pc of gross generation. Hydropower remains dominant, providing 9,500MW. To diversify assets and mitigate climate risks, the utility integrated the 100MW Asela Wind Power Project. The transmission network has expanded to 148,600km to secure domestic industrial supply and...