FORTUNE+ VIDEO SPONSORED CONTENTS ADVERTORIALS FORTUNE AUDIO Fortune Careers TRADE AFRICA Election 2026 New TIME REMAINING UNTIL ETHIOPIA’S NATIONAL ELECTION 0Days 0Hours 0Minutes 0Seconds




DHL Ethiopia Passes the Baton

Aug 12 , 2023


[ssba-buttons]

DHL appoint Kidist Teklu Kemeshi as Country Manager in Ethiopia, taking over the helm from Silvio Weiland. Kidist brings over a decade of experience in the logistics sector from having previously served as a Country Manager at ISS Global Forwarding and marketing director at Panafric Global. It will serve her well as she seeks to utilise technology to ensure active engagement and improved customer visibility in her new role. She has expressed her excitement for utilising the strategic location and harnessing the unparalleled supply chain management knowledge at the company. DHL is a US-founded German logistics company providing courier, package delivery and express mail service. The three letters are an acronym of its initial founders in San Fransisco Adrian Dalsey, Larry Hillblom and Robert Lynn, who launched the company in 1969. Over the years, DHL has become an international freight and logistics powerhouse delivering over 1.8 billion parcels per year. It is a subsidiary of the Deutsche Post DHL Groups connecting over 220 countries and has over 500,000 employees. The Group acquired Hillebrand in March 2022 for 1.5 billion euros, seeking to expand its know-how and customer experience in bulk liquids and other adjacent special care commodities.


Radar

Parliament Receives $237m Development Loan Package

The Council of Ministers forwarded two concessional loan agreements totalling 237.3 million dollars to Parliament for ratification, targeting rural infrastructure and food security. The package includes 46.3 million dollars from the African Development Bank (AfDB) for climate-resilient infrastructure in pastoralist regions. A second credit facility of 191 million dollars (146.1 million SDR) from the International Development Association (IDA) is earmarked for the sixth phase of the Productive Sa...


Radar

MoTRI to Overhaul Consumer Protection Rules Following Cabinet Approval of Trade Policy

The Council of Ministers, led by Prime Minister Abiy Ahmed (PhD), approved Ethiopia's first unified trade policy last week, ending a three-year deliberation period to fill a decades-long regulatory vacuum. This institutional milestone mandates the Ministry of Trade & Regional Integration (MoTRI) to overhaul consumer protection frameworks, specifically requiring a rigorous revision of the Trade Competition and Consumer Protection Proclamation to eliminate market distortions and the proliferat...


Radar

Regional Power Exports Yield $366m as Capacity Hits 9.6GW

Ethiopian Electric Power (EEP) generated 365.99 million dollars from regional exports in the first nine months of the fiscal year as national capacity reached 9,579MW. The revenue followed the sale of 24,940GWh, representing 91pc of gross generation. Hydropower remains dominant, providing 9,500MW. To diversify assets and mitigate climate risks, the utility integrated the 100MW Asela Wind Power Project. The transmission network has expanded to 148,600km to secure domestic industrial supply and...