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 28.1053  27.5542 
GBP 35.2900  34.5980 
EUR 32.8916  32.2467 
CHF 27.9182  27.3708 
CAD 19.5265  19.1436 
AED 6.9240  6.7882