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



ESLSE Tightens Spending, Saves Half a Billion Birr and Exceeds Targets


ESLSE Tightens Spending, Saves Half a Billion Birr and Exceeds Targets

The Ethiopian Shipping & Logistics Services Enterprise (ESLSE) said it has saved over half a billion birr in the past 10 months, crediting the turnaround to strict cost-control measures and targeted expenditure reductions. The logistics operator attributed the gains to a series of operational reforms, including the overhaul of workflows, reduced reliance on external vendors, and expanded in-house capacity. It also began manufacturing machinery spare parts locally to cut import costs, while tightening oversight of heavy equipment and corporate vehicle usage. Fuel expenses were reduced through improved route planning and fleet management, while the enterprise also secured more competitive pricing agreements with international shipping line partners. ESLSE said the combined measures not only strengthened cost efficiency but also lifted overall performance, helping it achieve 104.2pc of its institutional targets for the reporting period.

[ssba-buttons]

Radar

Freight Forwarders Earn FIATA Diplomas as Sector Eyes Global Stage

The Ethiopian Freight Forwarders & Shipping Agents Association (EFFSAA) has graduated a new cohort of professionals from the internationally recognised FIATA Diploma Programme, bolstering efforts to strengthen Ethiopia's logistics and freight forwarding sector. EFFSAA President Dawit Wubshet (PhD) said the association has trained more than 495 professionals since launching the programme. He noted that EFFSAA is working with international partners to expand digital learning and introduce o...


Radar

Parliament Backs Italian, French Loans for Reform, Infrastructure

Parliament has ratified two loan agreements worth a combined 124.6 million euros with the governments of Italy and France, approving both proclamations unanimously during its second emergency session of the fifth parliamentary term. The larger agreement secures a 70 million euro loan from Italy to provide direct budget support for the government's economic reform agenda. The concessional financing carries a 30-year repayment period, including a 16-year grace period, with no interest or servic...


Radar

Ethio Re Seeks Capital Reset for Regional Expansion

Ethiopian Re-insurance Share Company (Ethio Re) is seeking a strategic capital adjustment to support its next growth phase as it marks a decade of operations. CEO Netsanet Lemessa said the company's capital has quadrupled over the past ten years but has declined in foreign currency value. Established in 2016 as the country's first indigenous reinsurer, Ethio Re has retained more than 90 million dollars in foreign exchange for the economy. Its assets have grown from 82 million Br to 5.3 billio...