Ethiopia, which is liberalizing its economy, is in the final stages of opening its logistics sector to foreign investment. This follows earlier reforms that allowed foreign investors to participate in the nation’s banking and finance sectors.
Ovid Real Estate has announced plans to construct 5,000 homes for drivers of Hybrid Designs’ RIDE service and artists associated with Sewasew Multimedia. In a recent agreement, the two companies have committed to building a “Ride Family Village” in Gelan Gura, designed specifically for RIDE drivers.
International ride-hailing service Yango, a subsidiary of Yango Group, has announced two strategic partnerships in Ethiopia, aimed at enhancing both transportation and healthcare services. The company has teamed up with Awash Bank, one of Ethiopia’s leading financial institutions, and Amakari Doctors, a key player in the telemedicine sector, to bring innovative solutions to commuters and Yango drivers.
The Ethio-Djibouti Railway Company has officially launched its new cargo container transport service. The service was inaugurated today by the company’s Chief Executive Officer, Takele Uma, alongside Djibouti Customs Director, Guled Ahmed Youssef.
The Addis Ababa Traffic Management Authority has announced that newly approved regulations for vehicle parking services in the city will be implemented this week. The new rules aim to optimize the use of parking spaces, particularly those underutilized in buildings, and increase the overall supply of vehicle parking.
