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AESTHETIC ABERRATIONS


AESTHETIC ABERRATIONS

A construction project around the financial district of Mexico area envelops a traffic light. The lack of proper road signs and necessary traffic lights was a contributing factor to the capital averaging around 8,000 accidents a year where close to 15pc were fatal. The lack of proper construction modalities and an arbitrary set of laws during the issuance of building permits also cause unnecessary traffic jams and accidents. As part of a city-wide effort to create a uniform transport landscape, the Addis Abeba Transport Bureau has banned rickshaws from main roads and seeks to push Russian-produced Lada from the city's streets. While aesthetics remain to be the concern of the authorities, the capital's transport industry is ranked 162 in the world by Startup Blink.

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Radar

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 proliferat...


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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...