Market News | AUTOEXPO Ethiopia 2018

Market News

  • Ethiopia: New Meter Taxi Rates Implemented

    Posted on :Tuesday , 14th February 2017

    Addis Ababa City Transport Authority yesterday announced that new meter taxis fare rate would take effect today.

     
    According to the Authority, the fare of four-seat meter taxis is 10 Birr per kilometer while 13 Birr for seven-seat taxis per kilometer.
     
    Authority Communication Officer Meteku Gebisa said that this rate would be effective up. . .

  • Ethiopia: New Three Wheeler Assembly Plant to Start Production Within 2 Months

    Posted on :Wednesday , 8th February 2017

    A three-wheeler assembly plant owned by Redawa Motors Industry PLC and located in Dire Dawa City, Ethiopia, is scheduled to start production in two month's time. The assembly line is located in Dire Dawa’s Industrial Village.

     
    The construction of the assembly plant had started two years ago and was built at a cost of over 1.7 billion Birr.
     
  • Expogroup Wins Big at the Tanzania Leadership Awards 2016

    Posted on :Friday , 3rd February 2017

     On the evening of Friday 27th January 2017, members of the business community in Tanzania gathered at the Hyatt Regency Hotel to celebrate the most accomplished businesses of 2016. The event was the Tanzania Leadership Awards (TLA), which honors successful businesses that range from conglomerates with more than 500 employees, to small start-ups with a staff count of 2 to 4 employees.

    . . .

  • Ethiopia Seeks China's Help to be Africa's Top Car Manufacturer

    Posted on :Thursday , 5th January 2017

    ADDIS ABABA -- Ethiopia has grand ambitions for its tiny auto industry, seeking to transform a handful of assemblers that bolt together imported kits into a network of factories that can make the country Africa's biggest car manufacturer over the next two decades.

     
    Ethiopia produces about 8,000 commercial and other vehicles a year for the home market, about a quarter. . .

  • Ethiopia: Double Digit Economic Growth to Continue - World Bank

    Posted on :Wednesday , 14th December 2016

    In its fifth economic update for Ethiopia, the World Bank reported that the country's growth will remain relatively steady in the coming years. The country has been growing at an average of 11pc over the past decade.

     
    Last year, the country registered a growth of eight percent, despite facing the worst drought in five decades.
     
    Even thou. . .

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