Ethio-Djibouti Railway Annual Revenues Climb to $86m

Jan 15 , 2022


[ssba-buttons]

The Ethiopia-Djibouti Railway managed a little over 86 million dollars in revenues last year, a 37.5pc jump from the figure recorded in the previous year. Its executives attribute the introduction of railway safety regulations in Somali Regional State and a fall in vandalism and theft as factors behind the improved performance. The Railway's refrigerated train service is an important cog in the export of horticultural products, while other goods it transports include imported fertiliser, wheat, edible oil and vehicles. The Railway transports around a quarter of Ethiopia's export and import freight to and from ports in Djibouti. The 765Km long railway, which is Africa's first fully-electrified transboundary railway, transported over 77,300 shipping containers between Ethiopia and Djibouti last year.


Radar

Korenti, Agelegel Microfinance Ink EV Financing Deal

Korenti Auto Trading PLC has signed a strategic agreement with Agelegel Microfinance to provide accessible financing options for electric vehicle (EV) buyers. The partnership seeks to ease EV ownership by offering fair pricing and loan packages with affordable rates. The initiative supports Ethiopia's push for clean transport and aligns with national sustainability goals. Korenti's managing director said the move reflects the company's commitment to expanding electric mobility. Customers can now...


Radar

NBE Leads Week-Long Bank Supervision Application Forum

The National Bank of Ethiopia (NBE) is hosting a week-long Bank Supervision Application (BSA) User Group meeting that began on July 7, 2025. The BSA system, developed by a pan-African consortium of central banks including the NBE, automates supervisory work for financial regulators. NBE will take over the rotating BSA chairmanship in September. Opening the session, Frezer Ayalew, Director of Bank Supervision, stressed the need for modern tools to handle growing regulatory demands amid cyberse...


Radar

Six Fuel Companies Banned, Seven Warned, Authority Noted Illicit Activity

The Ethiopian Petroleum & Energy Authority has taken disciplinary action against 13 fuel distribution companies for illegally trading 2.8 million litres of fuel outside the digital system in the past two months. Six firms face a one-month suspension from the fuel import and trading market, while seven others received final warnings and must rectify their operations within a month. Director General Destawe Mekwanant (PhD) said the companies failed to monitor fuel stations and ensure proper...