Ethiopia: New Meter Taxi to Start Giving Service

New meter taxis, 15 in number, are set to commence giving service in Ethiopia’s capital, Addis Ababa, soon. The service provider, Addis Meter Taxi, was founded by 50 investors in 2015 an investment capital of almost 25 million Birr.

Addis Meter unveiled Toyota Avanzas on August 13, 2016. The vehicles are said to feature big boots, a Global Positioning System (GPS), CCTV, television and other features.

Even if the Addis Meter imported only 15 vehicles for the time being, 35 cars are expected to join these cars. As the service starts, the primary target of company are tourists arriving at Bole International Airport. Nonetheless, the company plans to gives service to the general public based on the kilometers and coverage time of the travel.

The vehicles were imported at an outlay of 6.9 million Birr by O’clock General Trading on the behalf of Addis Meter. However, the price is said not to include import duties.

Commenting on the development General Manager of O’clock, Ahmedin Mohammed, said, “This is the first in the country”. “The government should encourage more investments of this kind.”

Currently the only meter taxi service provider in Ethiopia’s capital is Adika.

Source: Fortune

Exchange Rates

Selling
Buying
USD 28.3538  27.7978 
EUR 31.9433  31.3170 
GBP 36.4799  35.7646 
CAD 21.4784  21.0573 
AED 7.7184  7.5671