City Transport Bureau Completes $16.5m Bus Procurement

Sep 10 , 2022


[ssba-buttons]

The Addis Abeba Transport Bureau has deployed 110 new buses acquired at a cost of over 16.5 million dollars for public transit as the capital continues to struggle with public transportation challenges. Operating under the state-owned Anbessa City Bus Services Enterprise, the buses were inaugurated during a ceremony held last week at Mesqel Square. Zhengzhou Yutong Bus Ltd, a Chinese manufacturer of commercial vehicles, supplied the buses. The buses were paid for through a loan secured from the World Bank. A shortage of vehicles and long queues at terminals and stations is common in the capital, where over 2.7 million residents are dependent on public transport. The Transport Bureau deploys no less than 8,000 minibuses and nearly 1,500 buses, including 425 operated by Sheger Mass Transportation Services Enterprise. The Anbessa City Bus Services Enterprise runs a fleet of 650 buses.


Radar

Korenti, Agelegel Microfinance Ink EV Financing Deal

Korenti Auto Trading PLC has signed a strategic agreement with Agelegel Microfinance to provide accessible financing options for electric vehicle (EV) buyers. The partnership seeks to ease EV ownership by offering fair pricing and loan packages with affordable rates. The initiative supports Ethiopia's push for clean transport and aligns with national sustainability goals. Korenti's managing director said the move reflects the company's commitment to expanding electric mobility. Customers can now...


Radar

NBE Leads Week-Long Bank Supervision Application Forum

The National Bank of Ethiopia (NBE) is hosting a week-long Bank Supervision Application (BSA) User Group meeting that began on July 7, 2025. The BSA system, developed by a pan-African consortium of central banks including the NBE, automates supervisory work for financial regulators. NBE will take over the rotating BSA chairmanship in September. Opening the session, Frezer Ayalew, Director of Bank Supervision, stressed the need for modern tools to handle growing regulatory demands amid cyberse...


Radar

Six Fuel Companies Banned, Seven Warned, Authority Noted Illicit Activity

The Ethiopian Petroleum & Energy Authority has taken disciplinary action against 13 fuel distribution companies for illegally trading 2.8 million litres of fuel outside the digital system in the past two months. Six firms face a one-month suspension from the fuel import and trading market, while seven others received final warnings and must rectify their operations within a month. Director General Destawe Mekwanant (PhD) said the companies failed to monitor fuel stations and ensure proper...