DHL-Ethiopian Logistics Services Gets New Boss

Sep 28 , 2019


Berhanu Kassa became the new director general of DHL-Ethiopian Airlines Logistics Services, a joint venture company that was formed by Ethiopian Airlines and DHL Global Forwarding. Berhanu, who was the director of the logistics service at Ethiopian Airlines, replaces Pramod Bagalwadi. The company has been building up its strength in the past year, according to Berhanu, who has also served as director of cargo, global sales & services and the country manager of Angola. It has already set up three stations in Addis Abeba Bole International Airport and in the major manufacturing hubs of Hawassa and Bole Lemi industrial parks. “We're planning to launch a fourth station at the Modjo Dry Port by early 2020," he said. "Our stations are strategically located to give us easy access to our customers, allowing us to achieve time and cost efficiency." The two parties signed the joint venture agreement last year following the government’s decision to liberalise key sectors of the economy.  


Radar

Coffee Exports Bring in $1.5B in Third Quarter

Ethiopia has earned 1.5 billion dollars from coffee exports over the nine months of the fiscal year. The country had set a target to earn a little over a billion dollars by exporting 201,959tns of coffee during the same period. According to Adugna Debella (PhD), director general of the Ethiopian Coffee & Tea Authority, the export strategy continues to focus on major international markets, with the top 10 destinations, including Saudi Arabia, Germany, and the United States (SU), accounting...


Radar

Central Bank Holds Fourth Exchange Auction

The National Bank of Ethiopia(NBE) sold one dollar for 131.4961 birr in its recent auction. It was reported that 26 banks participated in this auction, which took place last week on Thursday. In a statement issued by the National Bank  following the auction, it was indicated that 70 million dollars was offered for the event. Subsequently, it was reported that 96 pc of the foreign exchange needs of the participating banks were met. In the previous auction, held 15 days ago, the bank had of...


Radar

City Registers 64,075 Births in Fiscal Year

The city has exceeded its birth registration target for the first nine months of the fiscal year, registering 64,075 children—71.15pc more than the set goal of 58,342. This success, with a registration coverage rate of 109.63pc, is largely attributed to the efficiency of the one-centre birth registration service system, which has been rolled out across health centres and courts. The total number of vital events registered, including births, adoptions, marriages, divorces, and deaths, reache...