2merkato

Anbessa City Bus Enterprise is expecting the delivery of 50 new buses in October 2013, Fortune reported. The Enterprise ordered the  the 18-metre long buses with trailers in July 2013 from the Metal & Engineering Corporation (MetEC). The purchase will cost the Enterprise 200 million Ethiopian birr.

The Enterprise placed order for additional buses following the announcement of the Addis Abeba City Administration’s plan to double bus access rate in the city by 2015.

Metal & Engineering Corporation (MetEC) is getting ready to make delivery of five spare part manufacturing workshops for the Southern Nation Nationalities People (SNNP) State. The State paid a total of 235 Million Birr for the workshops.

Metals and Engineering Corporation (METEC) disclosed that it hopes to undertake forthcoming Ethiopian Mega Projects.

New directive has been issued by Addis Ababa Transport Authority (AATA) that stipulates disciplinary measures to be taken on transport service providers. The disciplinary measure is said to be taking place starting from this month and will be applicable to minibuses, meter taxis, and Higer, Anbesa, Sheger and Alliance buses.

National bank of Ethiopia (NBE) disclosed microfinance institutions (MFIs) across the country disbursed 26.6 billion Birr loan in the last fiscal year. The loans were given through 35 MFIs.