New Report Shows Slight Improvement in Logistics Efficiency

Jul 11 , 2021


The Logistic Transformation Office under the Ministry of Transport has released its annual transformation performance review, showing that the country's logistics sector has improved slightly. In the self-assessment report, the efficiency of customs clearance services was found to be the best performer while institutional responsiveness and timeliness in trade logistics were identified as the weakest links. The performance review considers efficiency in customs clearance, tracking and tracing, timeliness, logistics competence, quality of infrastructure, and competitive shipping prices. In the World Bank's 2016 logistics performance index, which is published every other year, Ethiopia was ranked 126 out of 167 countries with an average score of 2.38. The 2020 assessment report, which was conducted by an independent consultant, pegged the country's performance at 2.51, a slight improvement.


Radar

Ministry Secures $86m Grants

An 86.18 million dollar grant agreement was signed between the Ministry of Finance, UNICEF and UNFPA last week to support the agencies' ongoing country programs for the fiscal year. Out of the total grant, UNICEF committed 70 million dollars to support its water, nutrition, education, health, sanitation, child protection, and gender projects. Meanwhile, UNFPA pledged 16.1 million dollars for family planning, maternal health, adolescent and youth development, and gender equality and women empo...


Radar

Authority Reports Fuel Import Stats

Ethiopian Petroleum & Energy Authority (EPA) disclosed that 3.2 million tons of fuel were imported into the country during the last fiscal year. The figure includes 2.04 million tons of diesel and 767,672tns of benzene. In the past fiscal year, the digital payment system, Telebirr, facilitated transactions totalling 103 million volumes worth 61.8 billion Br. Of these transactions, 81.39pc were for diesel, while 17.82pc were for benzene. The number of fuel stations increased from 682 to...


Radar

Commercial Bank Collects $3.2b in Foreign Currency

The Commercial Bank of Ethiopia (CBE) announced robust performance in foreign currency collection for the past fiscal year, achieving 3.2 billion dollars in total mobilisation. This includes 2.07 billion dollars in remittances, with the Bank's Diaspora banking service and CBE Birr contributing 89.9 million dollars to the total. The performance details were shared during CBE's annual review meeting last week. "This achievement is particularly gratifying given the challenging economic climat...


Back
WhatsApp
Telegram
Email