Ethiopian Toll Roads Enterprise (ETRE) announced impressive results for the first nine months of the 2023/24 fiscal year. It collected over Birr 748 million Birr in tolls from more than 8.4 million vehicles traveling on their three highways.
Ethiopian Freight Forwarders and Shipping Agents Association (EFFSAA) submitted a bid to host the 2027 International Federation of Freight Agencies (FIATA) World Congress. This global gathering attracts over 1,000 logistics leaders and industry stakeholders.
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.
