Recently, Selam Bus Line offered a second round of 4,800 shares, worth 24 million birr.

Selam Bus Line Share Company gladly announces that the Sell of 4,800 shares each share valued at Birr 5,000 each plus subscription cost of 1% of the value of shares purchased payable in full on application at par for each value through the Branch network of Wegagen bank.

To satisfy the increasing demand of public transport, to transfer ownership and to expand the capital of the company, the founding members decided in February 2006 to reduce Tigray Development Association's (TDA) investment to 40 per cent and gradually transfer the residual shares to the public.

Selam Bus Line Sh.Co. is being restructured to become a tourist transport service provider, moving away from the ordinary public transportation service it has been engaged in since February 1996. For the transformation, the company has imported 14 Scania buses from Brazil at a cost of 2.05 million birr each.

The market target of the company is to satisfy the ever growing number of middle income group who cannot afford airplane price and who don't want to travel by obsolescent buses. Selam's new buses have 48 seats each with a body manufactured by a Brazilian company, Marco Polo. They are equipped with luxurious facilities for heightened comfort including a refrigerator for onboard refreshments, Air conditioner and audio-video entertainment facilities. That is why Selam bus is the pioneer of quality service in the history of Ethiopian public transport service.

currently, Selam bus is operating to major towns including Diredawa, Harrar, Jimma, Bahirdar, Gondor, Dessie & Mekelle on a daily basis from Addis Ababa, Lagar railway station.