Dec 17 , 2022
Hundreds of companies, including TAF Oil, National Cement and the state-owned Ethiopian Shipping & Logistics Enterprise (ESLE), saw their permit to import trucks through a supply credit scheme revoked last week. Demissew Benti, communications director for the Enterprise, said that the company did not want to buy trucks using the credit scheme, passing on the opportunity federal transport authorities had offered. Two years ago, the Ministry of Transport & Logistics granted 168 companies the permit under which suppliers - Sino Truck International, Jampour Group and Renault Truck SAS - provided trucks on credit terms. The Ministry announced last week that it had revoked the permit as these companies did not use the facility in time, stating that interested buyers can apply within two days. The head of the Import Department at TAF Oil confirmed that the company had ordered 14 trucks from Jampour Group. However, it could not have proceeded with the payment plan due to the long waiting list for foreign currency allocation. DA Packaging had shown interest in buying eight trucks from Sino International. The General Manager told Fortune they had made a deal with an undisclosed price that was invalid after three months.
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