Shipping & Logistics Brings 185 Freight Trucks

Feb 18 , 2023


About 185 new heavy-duty freight trucks are added to the import-export corridor with more than 1.4 billion Br cost. The Ethiopian Shipping & Logistics Service Enterprise Executive Director, Roba Megersa, said the organisation has been working hard to speed up the foreign trade services. Currently, 572 heavy trucks are providing intensive cargo service in the company with 373 new ones put into operation. The State Minister for Transport & Logistics, Dege Boru, said the new trucks play a role in facilitating trade with the Dire Dewa dry port recently inaugurated. Four independently operating maritime transportation enterprises came together and formed the Ethiopian Shipping & Logistics Service Enterprise. They included the previous Ethiopian Shipping Lines Sh. Co., Ethiopian Maritime & Transit Service Enterprise, the former Comet Transport Sh. Co. and Dry Port Enterprise, in August 2016.


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