Toll Road Enterprise Collects 147m Br

Dec 26 , 2020


[ssba-buttons]

The Ethiopian Toll Roads Enterprise, which administers the Addis Abeba-Adama and Dire Dawa-Dewele expressways, has generated 157 million Br in revenues within the first five months of the current fiscal year. Out of the total revenues, 147 million Br was generated through facilitating the traffic flow of 3.6 million vehicles, achieving 90pc of its goals. The remaining revenues were bagged through advertisment fees on boards, compensation fees on damaged road infrastructure and towing services. The Addis Abeba-Adama toll road, the first in the country, was inaugurated over six years ago and is a 31m-wide, six-lane expressway that took five years to be completed. It shortens the total travel time from two hours to 45 minutes. Dire Dawa-Dewele, a two-way highway that ranges from 10m to 21.5m in width and has a 10cm thickness, crosses over 29 bridges and has three toll plazas. It cut in half the current time it takes to travel to Dewele.


Radar

Nib international Bank Faces Heavy Hit from Forex Revaluation, Pays 348 Million Br in Penalties

Nib International Bank S.C. (NIB) has reported a significant loss of 2.9 billion Br, primarily due to extraordinary foreign exchange revaluation losses, this past Saturday, during its annual shareholders meeting at the Millennium Hall on Africa avenue, Airport Road. The bank faced substantial penalties amounting to 348.4 million Br. These penalties included a 251 million Br fine for liquidity shortages and a 97.4 million Br charge for violations related to Real-Time Gross Settlement (RTGS) payme...


Radar

Railway Network Upgrade Positioned as Engine of Economic Transformation

The National Railway Business Summit took place at Skylight Hotel on October 21, 2025, signalling a historic step in modernising its railway network as a foundation for national development and regional connectivity. Government officials, industry leaders, investors, and experts from around the world convened to discuss infrastructure expansion, financing models, and technology adoption. Asma Redi, chief portfolio director at Ethiopian Investment Holdings, noted that the Ethiopian Railways Co...


Radar

Gold Prices Ease After Recent Surge

The price of gold, which surged sharply in recent weeks, has started to decline in the current selling market. Over the past 15 days, 21-carat gold has traded between 24,000 and 25,000 Br per gram for imported products and around 21,000 Br for local gold. Imported 18-carat gold sold for 21,000 Br, while local 18-carat pieces were priced at 19,000 Br. Traders note that the recent increase was twice as high as typical fluctuations, attributing the spike to export patterns from Arab countries. ...