Logistic Lobby Group Enters Deal with East Africa Org.

Oct 8 , 2022


Ethiopian Freight Forwarders & Shipping Agents Association (EFFSAA) and Trade Mark East Africa (TMEA) signed a memorandum of understanding on October 4, 2022, to develop the logistics sector and lessen the shortage of skilled labour in the industry. The project made its first debut in September this year in Dire Dawa City, aiming to have a trained workforce in the free zone. Trade Mark East Africa is an aid-for-trade organization established in 2010, operating on a non-profit basis, and funded by development agencies. It is expanding its operations beyond the Eastern and Horn of Africa region, with an annual expenditure of 80 million dollars. It helps countries shorten transit time for cargo, reduce trade barriers and improve business competitiveness. A statement TMEA issued last week said the deal would deliver a large-scale impact on job creation, poverty reduction and enhanced economic welfare.


Radar

Ethiopian Seafarers Contribute $50m Annually in Remittances

Ethiopian Maritime Authority disclosed 50 million dollars in annual remittances from seafarers deployed internationally. Abdulber Shemsu, the director general of the Authority, said Ethiopia's membership in the International Maritime Organisation (IMO), establishes global standards and guidelines for safe, secure, and environmentally sustainable shipping practices. With 176 member countries and three associate member countries, including Ethiopia, the IMO provides a framework for ensuring...


Radar

AfDB Launches $1.5m Initiative to Propel Agro-Industrial Parks

A 1.5 million dollar initiative for the development of three Agro-industrial parks was commenced last week. Financed by the African Development Bank (AfDB), the project includes feasibility studies, a master plan, and an environmental and social impact assessment. The Phase Two project, which includes capacity building for stakeholders, was initiated last week with an agreement between Semereta Sewasew, state minister for Finance and Gunther Beger, managing director of UNIDO. Semereta said...


Radar

Cabinet Approves Public Service Legislation

Council of Ministers has unanimously approved the legislation that aims to raise the competency and professionalism of public service in the country. The Federal Civil Servants Proclamation is pending ratification from Parliament. The decision was made during the 30th meeting of the Cabinet last week, which follows the ratification of the public service and administrative policy. Currently, the 176 federal agencies within 22 ministries, collectively employ around two million people. The polic...


Back
WhatsApp
Telegram
Email