2merkato

International firms are showing interest in the possibility of a contract to take over the management of the Ethiopian Shipping and Logistics Services Enterprise according to sources.

Dubai based, DP World, is said to be one of the companies who have expressed interest in running the Ethiopian enterprise. French logistics company Bolloré Africa Logistics is also known to have held talks with Ethiopian Prime Minister Hailemariam Desalegn and Diriba Kuma, State Minister for transport this week.

Bolloré Africa is aware of the multifaceted problems that the enterprise is encountering in meeting the demands of the Ethiopian import and export sector efficiently said Jason Reynard, East African Manager for the company speaking to Diriba.

The 2019 Ethiopian International Mining Conference and Exhibition (EIMC 2019) is underway in Addis Ababa, Ethiopia. The two-day event which started yesterday (25th November), is on its second edition this year and will be concluded today.

Three international companies have expressed interest in investing in gold exploration and extraction with Ambo Nyemer in Ethiopia. Ambo Neyer is launching its first project to explore and extract gold deposits in Oromia Regional State.

The potential investment from foreign firms was confirmed by Niguse Gedeffa, Marketing Head for Ambo Nyemer. Discussions are still in early states according to Niguse who declined to identify the parties interested in investing in the project.

The International Textile Machinery and Engineering Exhibition (ITME-Africa 2020) has been held at the Millennium Hall in Addis Ababa, Ethiopia, from 14 to 16 February. 

Invest Ethiopia, an annual investment forum, was kicked off yesterday at Skylight Hotel in Addis Ababa under the theme “Invest and Grow in Ethiopia – The Land of Attractive Investment Opportunities”.