Logistics Association Holds Maiden Assembly, Elects Board

Mar 5 , 2022


The Ethiopian Logistics Sectorial Association has appointed nine individuals to its board of directors and held its first general assembly since its establishment nearly four years ago. Those appointed include Roba Megersa, chief executive officer (CEO) of the state-owned Ethiopian Shipping & Logistics Services Enterprise, Mulugeta Assefa, board chairman at MACCFA Freight Logistics, and Elsabeth Getahun, president of the Ethiopian Freight Forwarders and Shipping Agents Association. Gizat Worku, head of the Coffee Exporters Association, and Matiwos Ensermu (PhD), professor of logistics and supply chain management at Addis Abeba University, have also been named as board members. The Association, which represents over 100 members, approved a five-year strategic plan and set membership fees during the general assembly.


Radar

Abyssinia Bank Strategic Moves Pay Off, Driving Profit Growth

The Bank of Abyssinia (BoA) enjoyed another profitable year, amassing 4.23 billion Br net profits, an increase of 10.5pc from last year. The Bank announced total assets of 222.3 billion Br, surging by 17.3pc. Total deposits mobilised through the year climbed by 33.97 billion Br to 192.51 billion Br, while loans and advances reached 167.7 billion Br. However, the bank exhibited a nominal decline in its foreign currency earnings totalling 424 million dollars. Earnings per share also showed a ma...


Radar

$100m Project Mulls Public Transportation Make-Over

A 100-million-dollar project aims to manufacture over 5,000 diesel-powered and electric public transport vehicles for the capital. The proposed project was launched hoping to replace the ageing vehicles and improve safety, efficiency and quality across the city's urban transport system. Last week saw an MoU inked between executives of Multiverse Enterprise Plc and Addis Abeba Minibus Associations and was held at Vamdas Entertainment near Megenagna. The agreement includes plans to replace 15,000...


Radar

Safaricom Soars with 6.1 million Customers

Safaricom Ethiopia reported significant commercial growth in the first six months of the 2025 fiscal year (April to September 2024), with notable increases in both mobile (GSM) and M-PESA services. The company's network and services reached a population coverage of 46pc, growing from 30pc in the previous year. This expansion was supported by the addition of over 1,000 network sites, bringing the total to more than 3,000 across the country. Safaricom Ethiopia saw a surge in its customer base,...


Back
WhatsApp
Telegram
Email