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




Ethio-Djibouti Railway Resume Operation After Two Days Hiatus

Apr 3 , 2023


[ssba-buttons]

Traders were apprehensive last week as the Ethio-Djibouti railway stopped operation for two days due to security concerns and railway line maintenance issues. Jeylan Abdi, head of federal police communications, said the conflict that arose between a couple of groups resulted in the disruption. The 756-kilometre-long electrified standard meter gauge railway is used as a passage for import-export items. According to Abdi Zenebe (PhD), chief executive officer of the Ethio-Djibouti gauge railway, the transportation was resumed after "a brief disruption." An exporter who wishes to remain anonymous said the disruption has affected the delivery process for the buyers. She says that freight road transportation cargo is more costly, time taking and prone to risk than the railway. The exporter said there is a 20,000 Br difference while products are delayed for about a week to reach buyers. Experts from logistics and supply chain management believe that the country's import-export has been supported by railway transport with minor disruptions having an effect on its performance, suggesting training professionals to handle maintenance problems locally instead of depending on foreign nationals.


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 prolifera...


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...