In Addis Ababa, the Ethio-Djibouti Railway transitioned to joint management by Ethiopia and Djibouti. For the past six years, the Chinese Railway Construction Corporation (CRCC) co-managed the line as part of China's Belt and Road Initiative.
Cool Port Addis, Ethiopian Shipping and Logistics’ (ESL) project, will be launched this Ethiopian year. This initiative aims to revolutionize the storage and transportation of Ethiopian fruits and vegetables, paving the way for increased exports and foreign currency earnings.
The Ethio-Djibouti Railway Share Company (EDR) is chugging along towards a good year, reporting strong revenue growth in the past nine months. The company earned Birr 2.84 billion from railway services so far.
Ethiopian Airlines is taking off for a major expansion, adding new routes in Africa and Europe alongside increased flight frequencies. The airline's CEO recently announced plans to boost its domestic and international reach.
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.
