The Ethio-Djibouti railway has seen a significant increase in revenue in the 2022/2023 fiscal year, earning Birr 3.3 billion. This is a 35% increase from the previous period. The railway transported 2.1 million tonnes of cargo and 124,000 passengers during the year.

Aminu Juhar, the chief corporate strategy officer at Ethio-Djibouti Standard Gauge Railway Share Company, attributed the increase in revenue to the transportation of new goods, such as vehicles. The railway has been improving its efficiency by 25 to 30 percent every year since it became operational. It provides different types of freight services, including the transportation of perishable goods, vehicles, cereals, and fertilizers at several stations.

The railway company launched the transportation of automobiles and small vehicles in 2022 with the ability to carry 240 automobiles in a single trip, and the company has transported around 3,000 automobiles so far. The company was established in 2017 with an initial capital of USD 500 million, based on the bilateral investment agreement between Ethiopia and Djibouti. It plays a significant role in promoting economic integration between the two countries.

Source: Fana BC

Additional source: 2Merkato Archives

Image source: Ministry of Transport and Logistics