Djibouti threw a curveball at Ethiopia's plan to expand multimodal transport options. Djibouti banned non-vessel operators (NVOCCs) from acting as multimodal operators, despite Ethiopia approving three new companies for the role. Djibouti worries NVOCCs cannot guarantee logistics costs or ensure cargo safety.
The Ethio-Djibouti Railway Company (EDR) is chugging full steam ahead in 2024, aiming for a significant revenue increase while expanding its services and solidifying its role in regional development.
Three Ethiopian companies have been granted licenses to offer multimodal transport services, marking a significant step towards a more robust logistics sector in the country.
Ethiopian Shipping and Logistics (ESL) collected Birr 27 billion in six months of the fiscal year, as announced by the organization.
Ethiopia has formulated a logistics master plan to enhance and strengthen its logistics system. A validation workshop for the first phase of the plan took place, where the State Minister of Transport and Logistics, Denge Boru, emphasized the importance of regular review and improvement of the logistics sector.
