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Sky Bus Transport System S.Co.
A share company under formation in Ethiopia, seeks to bring a new level of exemplary comfort, convenience and service to road transportation in Ethiopia. In terms of long distance domestic travel, Ethiopia's capacity (private and public) to provide service to the 80 million strong population is limited to a scant one seat per 1,500. The vast majority of the available capacity is to be found in the segment typified by what is commonly seen at Autobus TERA in Addis Ababa. Old, decrepit buses proliferate the system the choices beyond them are minivans (for short trips such as to Nazret from Addis) or renting a car to make the drive oneself. In the stratospheric range (comparatively speaking), one can always book a flight on Ethiopian Airline's domestic service but the the schedules are uneven and the prices prohibitive.
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Summary of Share Offering for SkyBus Transport System S.Co.
(See Prospectus for full details)
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Par Value (per share)
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ETB 1,000 |
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Service Charge (per share)
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ETB 90
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| Terms of Payment |
100% at time of purchase
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Minimum Investment
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5 shares (ETB 5,000 + Service charge)
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Maximum Investment
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100 shares (ETB 100,000 + Service charge)
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| Initial Offering Closing Date |
TBD
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***Skybus Transport has now begun operations but shares of common stock are still available per the original terms of the offer. For an update on Skybus' activities in the interim, click here.
Contact us to invest in Skybus shares today.
Visionary Approach
Sky Bus Transport System is a company under formation that seeks to redefine the choices consumers have in seeking travelling options that go beyond what's normally available on the ground while still remaining well within the financial capacity of a significant segment of the populace. With an eye towards providing a luxurious bus transport service that will provide a level of comfort, convenience and exceptional customer service to its passengers that is unmatched in Ethiopia, Sky Bus declares its intent to be a company that embodies Professional Grade Transportation.
Informed Prospects
Having completed an 11 month research project to determine prospects in this sector, SkyBus is poised to capitalize on the fruits of its research.
| Means of Transport |
Min. Average Number of Vehicles
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Minimum Average Monthly Passenger Flow |
Minimum Average Annual Passenger Flow |
Minimum Average Annual Cash Flow (Birr)
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Long Distance Bus
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300
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520,000
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6,200,000
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325,900,000
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As can be seen from a partial snapshot of the SkyBus' research results, there is a significant market opportunity in this sector. This is especially true when considering the normal mode of long distance bus transport characterized by old, failing and unreliable vehicles, irregular schedules and confined quarters. SkyBus aims to service less than one percent of the total addressable market in its initial phase of operations.
Secure and Transparent
SkyBus is a Share Company under formation in accordance with the
Ethiopian Commercial Code (1960) that has been duly registered by the Ministry of Trade & Industry. As required by law, all payments for the purchase of shares is
deposited into a blocked account which can only be released by written
authorization of the Ministry to the Board of
Directors upon actual formation of the Company. This Board is to be
elected by the first general assembly of shareholders on record.
Experienced Management
The management team at Green Horse Management & Marketing, PLC (organizers of the company and share offering) is a strong and seasoned one with the background and experience to rely on for such a venture. The list of promoters and the management team at Green Horse are available in the complete Prospectus for this opportunity.
Sky Bus Transport has already raised over half of its intended capitalization and has contracted with Emergent Global Services to make its share offering more widely available to prospective shareholders in the United States.
Please contact us at
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to request the full prospectus or for immediate access, simply register for our Horizon Ethiopia Investment Portal right now and download the document.
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