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Registered vehicle in Ethiopia reaches 1.2 mln

The Ministry of Transport, in its latest report revealed that the total number of vehicles registered by the authority, at both federal and regional levels, has reached close to 1.2 million vehicles. Out of the total registered number; motorbikes top the list for any type of vehicle registered by the Federal Transport Authority.

New company joins taxi hailing business

El-Taxi Trading has become the latest company to enter the taxi hailing app business in which taxi owners’ associations are members along with the management of the company. It has been four months since the establishment of the company.

Ethiopia launches railway project with Eritrea

While addressing the Ethio-Italian Business Forum on Thursday, Ahmed Shide, Minister of Finance, told Italian officials and business delegates that Ethiopia is about to pursue a railway project that connects Ethiopia with port cities of Eritrea.

Company plans cable train for Ethiopia

Sky Way Investment Group (SWIG) has pitched its ideas of a commercial cable train in Ethiopia – a globally new technology which is said to be less space consuming than the traditional railway construction.

Lack of finance derails second railway project

The Ministry of Transport (MoT) disclosed that the construction of Ethiopia’s second railway project a.k.a. the Awash-Kombolcha-Woldia/Hara Gebeya railway project has made little progress in the past nine months due to financial shortages.

MetEC-made cable fails the LRT

The Addis Ababa Light Rail Transit (LRT) standard gauge network which operates on an expanse of 34 kilometers in two directions has suffered a major setback caused by inferior signaling and communication cables, apparently manufactured by the Metal Engineering Corporation (MetEC), The Reporter has learnt.

Chinese government to restructure Ethiopia’s debt

Prime Minister Abiy Ahmed (PhD) on Thursday disclosed that the Chinese government has agreed to restructure some of Ethiopia’s debt, including a USD four billion loan for a railway that stretches from Addis Ababa to Djibouti.