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Ethiopia is first country in the world to ban petrol and diesel car imports
ECONOMY & POLICY

Ethiopia is first country in the world to ban petrol and diesel car imports

Alemu Sime, Minister of Transport and Logistics, said that Ethiopia’s Logistics Master Plan will involve implementing ‘Green Transport� solutions in the country. The minister in the Ethiopian Parliament said that a decision has been made that automobiles cannot enter Ethiopia unless they are...

Alemu Sime, Minister of Transport and Logistics, said that Ethiopia’s Logistics Master Plan will involve implementing ‘Green Transport� solutions in the country. The minister in the Ethiopian Parliament said that a decision has been made that automobiles cannot enter Ethiopia unless they are electric ones. While the new policy limits the import of internal combustion engine (ICE) vehicles in Ethiopia, it does not completely resolve the problem for its people. Electric cars globally continue to be expensive and EVs still remain financially inaccessible for a significant number of Ethiopian citizens. It is not clear if the ban is permanent and if vehicles already in transit will be affected by the new policy.

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Infrastructure Urban

3i Infotech Reports Rs 7.25 Bn Revenue for FY25

3i Infotech, a leading provider of digital transformation, technology services and technology solutions, announced its consolidated financial results for the fourth quarter and full year FY25, ended on March 31st, 2025. The company maintained its growth momentum, displaying consistent progress for the 3rd consecutive quarter.In Q4 FY25, 3i Infotech reported revenue of Rs 1.87 billion, reflecting steady performance compared to Rs 1.81 billion in Q3 FY25 and Rs 1.97 billion in Q4 FY24. The company delivered strong profitability improvements, with gross margin growing by 14.8 per cent Q-o-Q and 1..

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Infrastructure Urban

Emerald Finance Joins Baya PTE to Boost SME Bill Discounting

Emerald Finance is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA) in India, has entered into a strategic partnership with Singapore-based Baya PTE through its Indian subsidiary. This collaboration aims to strengthen bill discounting services for Small and Medium Enterprises (SMEs), enabling faster access to working capital and improved cash flow management.The initiative is designed to support SMEs that supply to large corporates such as JSW Steel, Delhivery, and PVR INOX, among others. By facilitating timely invoice dis..

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Infrastructure Urban

BLS E-Services Crosses Rs 5 Bn Revenue Mark in FY25

BLS E-Services, a technology-enabled digital service provider, announced its audited consolidated financial results for the quarter and full year period ended 31 March 2025.Speaking about the performance and recent updates, Shikhar Aggarwal, Chairman, BLS E- Services said, “We are delighted to report a remarkable performance in FY25, as we achieved several milestones during the fiscal year. FY25 marked our highest-ever financial performance, as we surpassed Rs 5 billion milestone in Total Income during the year, which was reported at Rs 5.45 billion, a notable YoY growth of 76 per cent. The ..

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