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Abri Motors, Jingshan Partner to Convert Bajaj Fleet to Electric


Abri Motors, Jingshan Partner to Convert Bajaj Fleet to Electric

Abri Motors has entered a strategic partnership with Jingshan Mining & Supply Chain Technology Plc to convert fuel-powered Bajaj three-wheelers into electric vehicles, marking a shift in efforts to reduce fuel consumption and expand cleaner transport options. The initiative targets the large number of Bajajs operating in urban centres, aligning with government priorities to promote e-mobility and ease pressure on foreign currency reserves. The agreement introduces a flexible battery model, allowing drivers to either rent or own batteries, aimed at lowering entry costs. Abrehet Ayele, CEO of Abri Business Group, said drivers who currently spend up to 24,000 Br monthly on fuel could reduce expenses by more than half, with electric battery use estimated at around 10,000 Br per month. A battery-swapping system is also planned to minimise downtime, enabling continuous operation. Jingshan representative Ding Wan You said drivers will have access to two batteries per day to manage charging cycles. The project is expected to launch within a month, with conversion costs set at 153,000 Br per vehicle. The initiative is expected to improve operational efficiency while reducing fuel dependency, contributing to ongoing efforts to expand electric mobility.

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Radar

Freight Forwarders Earn FIATA Diplomas as Sector Eyes Global Stage

The Ethiopian Freight Forwarders & Shipping Agents Association (EFFSAA) has graduated a new cohort of professionals from the internationally recognised FIATA Diploma Programme, bolstering efforts to strengthen Ethiopia's logistics and freight forwarding sector. EFFSAA President Dawit Wubshet (PhD) said the association has trained more than 495 professionals since launching the programme. He noted that EFFSAA is working with international partners to expand digital learning and introduce o...


Radar

Parliament Backs Italian, French Loans for Reform, Infrastructure

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Radar

Ethio Re Seeks Capital Reset for Regional Expansion

Ethiopian Re-insurance Share Company (Ethio Re) is seeking a strategic capital adjustment to support its next growth phase as it marks a decade of operations. CEO Netsanet Lemessa said the company's capital has quadrupled over the past ten years but has declined in foreign currency value. Established in 2016 as the country's first indigenous reinsurer, Ethio Re has retained more than 90 million dollars in foreign exchange for the economy. Its assets have grown from 82 million Br to 5.3 billio...