Ethiopia Gears Up to Host Global Logistics Leaders in 2027


Ethiopia Gears Up to Host Global Logistics Leaders in 2027

Logistics professionals are gearing up to discuss industry developments and strengthen international ties, as Ethiopia hosts the 64th World Congress of the International Federation of Freight Forwarders Associations (FIATA) after two years. The move is expected to benefit the logistics sector and broader economy, with 1,500 to 2,000 participants expected from around the world. The Congress has been held continuously for 61 years since its inception in Vienna. Ethiopia will become the third African country, following Egypt and South Africa, to host with the Ethiopian Freight Forwarders & Shipping Agents Association (EFFSAA) leading the initiative as a member of FIATA. According to Dawit Woubishet, president of the Association, their main objective is to improve the logistics space by focusing on advocating for the logistics sector, building capacity among its members, and facilitating networking opportunities. He noted that the conference will create business prospects for logistics providers, enabling local companies to partner with foreign organizations and leverage their knowledge and expertise. The conference is expected to attract foreign direct investment and create job opportunities through showcasing logistics capabilities, and strengthening trade relations, particularly within the African Free Trade Area. The influx of international participants is also foreseen to boost the tourism industry, contributing to the country's revenue. "It'll enable the country to adopt successful practices from those with advanced logistics industries," Dawit said.

[ssba-buttons]

Radar

Ethiopia, IFAD Sign 69.2m Dollar Deal to Promote Lowland Resilience

The Ethiopian Government and the International Fund for Agricultural Development (IFAD) have signed a 69.2 million dollar grant agreement to implement Phase II of the Lowland Livelihoods Resilience Project (LLRP II). The grant agreement was signed by Finance Minister Ahmed Shide and IFAD President Alvaro Lario. The project targets climate resilience and improved livelihoods for three million people in pastoral and agro-pastoral communities. Co-financed by the World Bank, LLRP II covers eight reg...


Radar

NBE Expands Diaspora Warning Over Unlicensed Remittance Firms

The National Bank of Ethiopia (NBE) has issued an expanded public warning targeting unlicensed remittance operators abroad, flagging four U.S.-based companies it says are undermining Ethiopia's financial regulations. The warning includes newly disclosed findings and specific cases that underscore growing concerns about illicit cross-border financial activity. Remittance flows remain a vital lifeline for Ethiopia's economy, supporting households and supplying critical foreign currency. But as...


Radar

Stricter Standards Unveiled for Public Auditors, Accounting Firms

The Accounting & Auditing Board of Ethiopia (AABE) has issued a new directive aimed at strengthening oversight and professional standards in the accounting and auditing sector. Grounded in the Financial Reporting Proclamation, the directive addresses long-standing regulatory gaps while preparing the sector for the country's emerging capital market. Key provisions introduce stricter licensing standards for public auditors, professionals permitted to audit public interest entities. Applican...