Ethiopian Business Review

The number of passengers the Addis Ababa Light Railway will carry per hour after the project is finalized at the end of 2014/15 fiscal year. The two line rail tracks extend 16.35Kms from Ayat Village in the eastern part of the city to Tor Hailoch, in the western part of Addis. This rail track passes through Megenaga, Haya hulet, Urael, Meskel Square, to Lideta. And in the north to south direction, 17.5kms of rail track will pass through Piassa - Addis Ketema – Awtobis Tera - Sebategna – Tor Hailoch - Meskal Square - Gotera – Kaliti. The two directions will have a common track of about 2.8Kms.

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The current transportation problem in Addis Ababa is at its boiling point, and worsening by the day despite the government’s attempt to address it. For the city’s 3.7 million people, getting around is challenging. The taxi zoning system that was introduced two years ago was anticipated to solve the problem, but it didn’t. One of the major factors contributing to the problem is the imbalance between the limited amount of service providers and the ever growing number of commuters.

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Foreign Direct Investment (FDI) into Ethiopia has started to grow since the liberalization of the Ethiopian economy. Investors from abroad invested 894 billion Birr in Ethiopia since 1992. Turkey played a dominant role by investing 29.5 billion Birr in 2012/13 fiscal year, which was 42.6Pct of the total capital register last year.

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