CORRIDOR FOR ALL


CORRIDOR FOR ALL

Raila Odinga, Kenyan politician, and Vera Songwe, secretary-general of the UN Economic Commission for Africa (UN-ECA), walk with Dagmawit Moges, Transport Minister, at the hall of the headquarter of the ECA on June 28, 2021. The occasion is the signing of the term of reference for the Establishment of a Steering Committee for the Lamu Port, South Sudan, Ethiopia Transport Corridor (LAPSSET) Program. The program, which also includes Kenya, is the largest infrastructure project in East Africa, with seven key components that will see the Lamu port connected with Juba and Addis Abeba.


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Parliament Nods Loan Agreement with South Sudan

In a parliamentary session last week, MPs approved a 738-million-dollar loan agreement with South Sudan. The federal body ratified the proposed bill which looks to establish road infrastructure linking the two countries. The project aims to create accessible transport routes that will enable trade, reduce logistical bottlenecks, and facilitate the movement of goods and people across borders. It is expected to be managed collaboratively, with the South Sudan Roads Authority overseeing activities...


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AfCFTA Strides, National Implementations Fall Behind

The 15th Council of Ministers Meeting of the African Continental Free Trade Area (AfCFTA) convened in Addis Abeba last week, bringing together stakeholders to discuss boosting trade integration and sustainable development on the continent. The AfCFTA aims to transform small and fragmented markets into a single market of over 1.4 billion people, looking to ensure heightened growth and development. It will enhance Africa's collective bargaining power on the global stage and aligns with the commitm...


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MOENCO Moves to Control BYD Ethiopia Presence

MOENCO, a subsidiary of Inchcape Plc, has partnered with BYD to become the official distributor of the latter's electric and hybrid vehicles in Ethiopia. This is Inchcape's third partnership with BYD, as the company already distributes BYD vehicles in Singapore, Belgium and Luxembourg. MOENCO will begin offering the vehicles in December 2024. The company stated it will provide comprehensive sales and after-sales support, including warranty, genuine spare parts, and quality maintenance. Moenco, o...


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