Ministry Revokes Credit Supply Permits for Truck Imports

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.



A painting depicts traditional farming equipment at the Science Museum around the Arat Kilo area. Since the seizing of power by the current administration, large-scale architectural projects marked by grandeur have proliferated across the capital. The satellite city being built in the Yeka mountains, which is set to cost around 600 billion Br, according to the Prime Minister, is one such project yet to see the light of day. Some estimates put the plot size for the project at around 503hct despit...



A queue for diagnostics at the nation's largest state-owned hospital, Black Lion. As the health sector is largely funded by development partners from abroad, decreased support as donors shied away due to the war in the North has required the suspension of several new projects. Social health Insurance slated for next year was scraped due to a budgetary shortfall of five billion Birr. With the physician-to-patient ratio titering at around 1:30,000, queues in public hospitals are commonplace in Eth...



A street vendor puts up pepper for sale around the Lideta area. With agricultural produce accounting for the largest share of the nation's GDP at around 40pc, setbacks in the delivery of fertilizer have become a source of strife in rural Ethiopia. Only a third of the scheduled fertilizer of 1.3 million quintals has been distributed into the hands of farmers this year. This is despite the year being one in which the government claims to have met local demand for wheat and started exporting. Low p...