Logistics Association Holds Maiden Assembly, Elects Board

Mar 5 , 2022


[ssba-buttons]

The Ethiopian Logistics Sectorial Association has appointed nine individuals to its board of directors and held its first general assembly since its establishment nearly four years ago. Those appointed include Roba Megersa, chief executive officer (CEO) of the state-owned Ethiopian Shipping & Logistics Services Enterprise, Mulugeta Assefa, board chairman at MACCFA Freight Logistics, and Elsabeth Getahun, president of the Ethiopian Freight Forwarders and Shipping Agents Association. Gizat Worku, head of the Coffee Exporters Association, and Matiwos Ensermu (PhD), professor of logistics and supply chain management at Addis Abeba University, have also been named as board members. The Association, which represents over 100 members, approved a five-year strategic plan and set membership fees during the general assembly.


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...