Category: Ethiopia

Ethiopian Airlines to Build Africa’s Largest Airport for $6 Billion

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Ethiopian Airlines, Africa’s leading airline, has taken a significant step towards becoming a global aviation powerhouse. The airline has signed an agreement with Dar Al-Handasah, an international consulting firm, to design and oversee the construction of a mega-airport near Bishoftu, 42 kilometers east of Addis Ababa. Scheduled to open in 2029, this new airport is set to revolutionize aviation in Ethiopia and Africa. With a capacity to handle 100 million passengers annually and accommodate up to 270 aircraft, it will become the largest airport on the continent. This initiative comes…

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African Development Bank approves $40 million Trade Finance Transaction Guarantee Facility to Ethiopia’s Dashen Bank

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The Facility will provide support to Small and Medium Sized Enterprises (SMEs) and local corporates’ import and export trade finance requirements The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a $40 million transaction guarantee facility to support Dashen Bank’s trade finance activities in Ethiopia.   The Facility will provide support to Small and Medium Sized Enterprises (SMEs) and local corporates’ import and export trade finance requirements. It will also support intra-Africa trade, thus directly contributing to the successful implementation of the African Continental Free Trade…

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DT Global Europe concludes transport and logistics support project in Ethiopia

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(ATALAYAR) Funded by the European Union, the project contributes to improving the quality of regional transport, the logistics sector and climate-related social outcomes in Ethiopia DT Global Europe has successfully completed a transport and logistics support project in Ethiopia funded by the European Union and widely recognised by both the EU Delegation in Ethiopia and the main local beneficiary institutions. This project has been a major milestone in the country’s logistics reform through its contribution to improving the service of regional transport corridors, increasing the efficiency and effectiveness of the…

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ETHIOPIA TO BAN THE IMPORTATION OF NON-ELECTRIC CARS

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By APA-ADDIS ABABA (ETHIOPIA) The Ethiopian Ministry of Transport and Logistics announced on Tuesday that it will only allow the entry of electric vehicles into the country. The ministry made this announcement during the presentation of a semi-annual performance report to the standing committee on urban development and transport of the House of People’s Representatives (Ethiopian Parliament). Alemu Sime, the Minister of Transport and Logistics, revealed the completion of Ethiopia’s logistics master plan, which envisions the implementation of “green transportation” in the East African country. “A decision has been made…

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Ethiopian Airlines MARKS 50 YEARS SINCE THE START OF ITS SERVICE TO THE UNITED KINGDOM (UK)

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Ethiopian Airlines, the leading and fastest growing Airline in Africa, is celebrating the 50th year of the launch of its service to the UK in April 1973. Ethiopian Airlines’ inaugural flight arrived in London-Heathrow on a Boeing 720-B commencing with two flights a week. The flight was originally operated via Cairo, Rome and Frankfurt with First Class and Economy Class….read more on africaaero.org

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Ethiopia: Garri eases freight transport

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The solution aims to help merchants with their transportation needs. Garri is a digital solution developed by an Ethiopian startup. It allows shippers to easily and reliably move their goods anywhere within Ethiopia using carriers and drivers approved by the startup. The solution, launched in 2020, has raised $100,000 to support its growth. It aims to eliminate freight logistics hassles by optimizing and digitizing every aspect of the industry. For that purpose, it developed mobile apps -for Android and iOS devices- to make the process easier. Shippers and drivers sign…

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Ethiopia and Djibouti reached an agreement on the completion of a road that links the two countries

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Ethiopia and Djibouti reached an agreement (23 March 2023) on the completion of a road that links the two countries. The 35 kilometer road between Galamo and Moloud will enable the smooth circulation of vehicles and cargo, enhancing transportation between the two countries. The agreement ensures that the Galamo-Moloud road will be completed within a year, with appropriate payments being provided to the Ethiopian Construction Works Corporation (ECWC). The agreement was reached during the visit of H.E. Dr. Alemu Simie, Minister of Transport and Logistics to Djibouti. During the visit,…

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SMALL-SCALE TRADE SET TO RISE AT KENYA- ETHIOPIA BORDER

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Small scale trade along the Kenya- Ethiopia border is poised to thrive following bilateral negotiations between the two parties to agree on a Common List of products to be traded under the COMESA Simplified Trade Regime (STR). The negotiations took place on 1st March 2022 at the Moyale border post and addressed the implementation of the STR between two countries. The STR was launched in 2010, to enable small-scale traders’ benefit from COMESA’s trade liberalization programme by simplifying and formalizing the trade. The meeting was part of the implementation of…

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