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Authority to install device limiting speed to 80km/h

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All vehicles including diplomatic, government and NGO to be included

The Federal Transport Authority has finished a final draft that will make using and administrating electronic speed governing (ESG) devices mandatory. This month the draft is expected to be signed and implemented. Commercial vehicles will be the first to use ESG followed b diplomatic, government and non-government organizational vehicles and then finally private taxies.
The directive stipulates that the maximum speed will be 80kmh, unless a located has put a lower speed limit into effect. Any car made in 2000 or later will need to use ESG, according to the draft, which goes on to read that earlier model vehicles will be dealt with at a later date.
The machine which is going to limit the oil and air running to the engine is also specified to have a Global Positioning System (GPS) which is going to track every movement of the car. The device will send the data of the car to a database using the telecommunication fleet management system in which the owner is going to be responsible for the costs, according to the draft. When the vehicles are offline it will save the data and send the information when it is back on the network.
“We finalized the preparation of the database and the display board is being installed now,” said Yakob Belay Director of Road Safety Directorate at the Authority.
In the first phase, which is expected to enter into operation within the coming six months, public transports accommodating 12 people up to 65 seats, carriage service givers, dump trucks will install the device.
“We chose to implement the directive on the commercial vehicles first is the nation is facing a tremendous threat with the alarmingly increasing deaths and loss of property year after year,” said Yigzaw. “Studies are showing 85% up to 90% of accidents occur due to speeding.”
In this past fiscal year alone 5,118 people died from car accidents while 4479 lost their lives in the 2016/17 fiscal year. In addition, 7,754 people suffered major injuries, which was an increase of 268 from the previous year. Every year there are more injuries and fatalities from accidents and 80 percent of these are males. The total damage caused to property was 920.77 million birr in the 2017/18 fiscal year which was a slight decrease from last year’s damages of 1.18 billion birr.
Any vehicle which does not install the ESG will not get its annual competence certificate at the end of the year. Also, the authority has finalized the specification of the machines to be imported.
“We will call experienced importers to get licenses and import the machine starting from the week of the approval of the directive,” said Yigzaw.
The authority is entitled, by the draft directive, to issue, renew or terminate the import license for the importers. Also, the renewal of the machine will be cited by the authority.
Owners are expected to purchase, install and follow-up the functionality of the device and vehicles using the machine will get a sign.
Drivers are obliged not to drive any vehicle which is supposed to have the speed limiter and when there are problems with the machine they have to immediately stop the car and report the problem to the owner, reads the draft.
The bill also states that anyone who sells the speed limiter should also have a trained team to install and maintain the machine. The authority will license shops who sell the devices which are expected to organize the data of their customers digitally and manually. Also, availing the spare parts for the machine will be mandatory. The shop owners are expected to carry only brands authorized by the authority and carrying any others will cause a penalty, according to the draft bill.
Until the end of the last fiscal year the nation accommodated 935,888 vehicles most of which were cars at 212,317. Addis Ababa is the highest destination for the registration of the cars with 553,938 vehicles while Oromia and Amhara Regions were followed with 129,339 and 67,299 significantly.
The directive also compels the transport associations to oblige their members to use the machine and they have to deny them any work when the speed limiter is disabled. Associations which accept new members without installing the machine will be penalized.
Any device to be imported is obliged by the authority to give an alert to the driver and send the report to the database when the maximum limit is excelled.
After the authentication of the directive vehicles which enter the country will be only those who have the specified speed limiter. The directive also sets a specific time for the reporting on the implementation of the directive and for the authority to solve the problem, that is five days each.
In the global market the price of the device runs from USD 65 to USD 200 on average.

Pakistan may restart Ethiopian bean imports

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A green light from Pakistani Ministry of National Food Security and Research is highly anticipated to recommence the export of beans that was banned last year due to safety issues.
The beans which were banned by the Pakistani controlling body are red kidney beans, pinto beans, red speckled beans and other similar bean types.
For the past 19 months the red beans, which are one of the major export products in the pulses category, were banned by Pakistan regulatory body due to a concern over a ‘serious, destructive and virulent quarantine disease’, widely known as ‘Fusarium Chlamydosporum’.
It has affected the Ethiopia exporters business and the hard currency generation expected from Pakistan.
A few weeks ago a delegation from Pakistan made up of experts in quarantine analysis paid a visit to Ethiopia to evaluate the country’s pest risk analysis scheme to recommence the trading, according to Gebrekidan Asresahegn, Director of Plant Health and Product Quality Control Directorate at Ministry of Agriculture and Livestock Resources (MoALR).
“They have visited our quarantine facilities in addition to meeting with top Pakistani and Ethiopian officials,” Gebrekidan added.
“Now we are waiting for an official confirmation letter from the relevant body in Pakistan like they promised, since they are delighted by our safety procedures and rules,” he added.
However exporters in Ethiopia are not happy with the confirmation delay. They claim that the relevant government body was forced to push to get the confirmation.
Some of the exporters who declined to be mentioned stated that they are already in the process of shipping the product for clients in Pakistan and other people have also bought a huge amount of red kidney beans for export, but they are stranded.
On October 30, 2018 the Department of Plant Protection at Ministry of National Food Security and Research of Pakistan wrote a letter to Pakistani importer that the Ethiopian Ministry and Oil seeds and Pulses Associations copied. The letter mentioned the beans and advised Pakistani importers not to open a letter of credit (LC) with their banks for import of the stated commodities from Ethiopia to avoid any financial loss as the import permits have been issued mistakenly by the department.
The letter was signed by Dr. Mukammad Basit, Deputy Director for Plant Protection Advisor and Director General at the Pakistani department. It added that the pest risk analysis with the National Plant Protection Organization of Ethiopia is under process and has not been finalized so far to import the commodities.
Plant Health and Product Quality Control Directorate, which is a legal body to give a quality accreditation for export commodities, Director of Ethiopia has accepted that some of the exporters in Ethiopia are asking his office to know the latest development. But he argued that his organization should get confirmation from its counterpart in Pakistan to give a permit to import Ethiopia’s beans. “They have promised to send a confirmation letter within few periods and we are still waiting for the response. But at the same time we are also communicating with the embassy here to accelerate the process,” Gebrekidan said: “we are eager to get the permit since export is the priority otherwise for the delay it is not our fault,” he said denying the claim from exporters here. He added that the exporters association has information on the matter.
However exporters said that since the Ethiopian beans are banned by Pakistan Kenya is using the advantage. They claimed that Kenya exported Ethiopian kidney beans transported via Moyale, a border town between Ethiopia and Kenya, as it is Kenya origin. “They are earning up to USD 300 per ton from the product they got from Ethiopia,” a private consultant on the oil seeds and pulses exports told Capital. “It shows how the matter affects our earnings and benefits others,” he added. He said that the government body has to insist on getting the go ahead from the counterpart.
Beans are part of the Pakistani diet and others in the region, mostly used to make a traditional cuisine, known as Rajma.

Abay Bank nets 419 million birr

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Abay Bank reported a 2.8 billion birr deposit mobilization in the last fiscal year in a report being made via the IFRS reporting system for the first time. The Bank’s deposits grew to 9.6 billion birr while the hare of the interest-free deposits grew to 170 percent at 289 million birr.
The bank reported a 419 million birr net profit which shows a 68% increase from last year.
The share of savings accounts from the total deposits went up the most, at 64 percent while moving deposits took a 22 percent share and time limited deposits made up 14 percent. The bank injected 6 billion birr into the economy in the form of loans which amounted to 4.2 in the previous fiscal year.
The bank engaged in some social investments like sponsorships, donations, and contributions. In the current fiscal year, the bank aimed to achieve part of its five-year strategic plan by increasing its presence, capacity building strengthening its wealth mobilization, and increasing the foreign currency reserve.

Ethiopia approves major PPP projects worth 7b USD

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The Public-Private Partnership (PPP) approved 13 power generation projects and three road projects. Seven of these projects will generate solar power. They cost a total of 1.005 billion USD and will generate 850MW. They include solar generation plants at Gad (125MW), Dichato (125MW), Mekelle (100MW), Humera (100MW), Welenchiti (150MW), Metema (125MW) and Hurso (125MW).
There are six other power generation projects under the new PPP scheme. They include: Genale Dawa 5 (469MW) Genale Dawa 6 (100MW), Chemoga Yeda 1 & 2 (280MW), Halele Warabesa (424MW), Dabus (798MW), and Weranso 150MW).
According to the directive there are four possible ways the projects could be handed over to private developers: a regular bid, traditional open bid, open discussion bid (negotiations) and an unsolicited bid. During the initial formation of a bid, the government will work on explorations for the projects and they will announce that they are looking for investors to participate in the development.
In an open discussion bid, the government approaches experienced and potential developers and they submit an expression of interest. In this type of bid, not every firm that wants to participate will get the opportunity.
In an unsolicited bid companies with private developers study the investment and submit a proposal to the Ministry. The unsolicited bid encourages innovation because it covers areas which the government has not yet studied. The unsolicited bid is similar to the regular one but companies that study the area get priority. When another party wins the project the losing firm will get a refund for the money they spent on the study and in some cases patent right payments.
Last year the government identified education, health, public services, roads, and energy, as priority areas. The board also approved the Adama-Awash toll road for USD 440 million while granting the 72 km Awash-Meiso toll road for USD 230 million. The 160km Meiso- DireDawa road is estimated to be 445 million USD.
The board is chaired by the minister of the finance and incorporates members from the NBE, Ministry of Water, Irrigation & Electricity, Ministry of Transport, Ministry of Public Enterprises, National Planning Commission, and Ministry of Federal & Pastoralist Affairs according to the legal framework issued last year.