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.
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.
