FORTUNE+ VIDEO SPONSORED CONTENTS ADVERTORIALS FORTUNE AUDIO Fortune Careers TRADE AFRICA Election 2026 New TIME REMAINING UNTIL ETHIOPIA’S NATIONAL ELECTION 0Days 0Hours 0Minutes 0Seconds




Enterprise Amasses 352m Br in 11 Months

Jun 27 , 2020


[ssba-buttons]

The Ethiopian Toll Roads Enterprise has collected more than 352 million Br in revenues during the past 11 months of the current fiscal year. The Enterprise earned the money from the two operational toll roads, namely the Addis Abeba-Adama and Dire Dawa-Dewale expressways. Part of the revenue was collected from the eight million cars that used the two roads. The expressways, which operate 24 hours a day, have generated 323.8 million Br through fees, while the remaining value was generated from other services, including advertising space fees along the roads as well as towing services. The Enterprise also reported that traffic accidents on the roads have decreased by 50pc compared to the same period last year. It has also been engaged in strengthening its database and road light expansion as a means of generating more income. The Mojo-Hawassa Expressway, spanning 202Km, connects the towns Mojo-Meki, Meki-Ziway, Ziway-Arsi Negele and Arsi Negele-Hawassa.


Radar

Liquidity Relief, Reform Pressure Meet as World Bank Prepares Major Budget Support

The World Bank is set to approve a 1.45 billion dollar budget support package for the Ethiopian government on June 25, 2026. The announcement came alongside a high-level consultation at the Ethiopian Skylight Hotel, where leaders from the Ethiopian Chambers of Commerce and Sectoral Associations (ECCSA) met with private sector representatives and the National Council. The package follows an earlier 17 billion dollar credit and summer service support allocation. The institution has anchored key...


Radar

Cabinet Approves 502b Birr Budget as City Returns to Federal Subsidy

The Addis Abeba City Cabinet has approved a 502 billion Br budget for the 2026/27 fiscal year, a fiscal plan that marks a return to federal subsidies despite previous claims of municipal self-sufficiency. The budget, now awaiting final ratification by the City Council, incorporates a federal subsidy of more than 74 million Br. This policy reversal follows the 2025/26 mid-year salary revisions for civil servants, implemented to buffer the inflationary impact of the floating Birr on the cost of...


Radar

Global Analytics Meets Local Insight as WAAS Partners With Kantar in Ethiopia Expansion

WAAS International Plc has partnered with global analytics firm Kantar on June 12, 2026, to introduce predictive analytics and consumer tracking tools into the country's corporate market. The collaboration blends Kantar's global methodologies with WAAS's 35-year local data archive to support business leaders operating in a liberalising economy. WAAS Managing Director Efera Busa said the partnership connects global expertise with local context, delivering standardised metrics without losing cu...