
Fortune News | Dec 10,2022
Oct 8 , 2024
The Ministry of Transport & Logistics (MoTL) has fully opened the logistics and transport sector to foreign investors, a major policy shift boosting foreign investments, which the authorities hope will improve efficiency in the industry.
Transport Minister Alemu Sime (PhD) announced the policy shift, which permits 100pc foreign ownership of logistics companies operating.
Alemu's move follows macroeconomic reforms introduced two months ago and marks a departure from previous regulations that limited foreign operators to a maximum 49pc stake in joint ventures with domestic firms.
"This'll pave the way for increased foreign investment," said Alemu during an event at the Skylight Hotel on Airport Rd.
According to the Minister, opening up the sector for external competition can address inefficiencies among freight operators leading to reduced costs and improved service times.
The Ministry of Transport conducted a study, in partnership with the Ethiopian Investment Commission (EIC) to assess the prospects of opening the logistics sector. While final approval for implementation is pending, the announcement signals a clear intent to liberalise the industry.
According to Abdulber Shemsu, director of the Ethiopian Maritime Authority (EMA), services such as multimodal transport, dry ports, and transportation are now open to foreign operators. The Ministry floated a second tender two days ago for private freight forwarders, following the entry of three operators in the first round.
Fortune News | Dec 10,2022
Sponsored Contents | Mar 21,2022
Radar | Apr 01,2024
Radar | Jul 07,2024
Radar | Nov 27,2023
Radar | Aug 20,2024
Fortune News | Aug 11,2024
Money Market Watch | May 17,2025
Radar | Sep 10,2022
Fortune News | May 17,2025
My Opinion | 130484 Views | Aug 14,2021
My Opinion | 126801 Views | Aug 21,2021
My Opinion | 124808 Views | Sep 10,2021
My Opinion | 122513 Views | Aug 07,2021
Jun 7 , 2025
Few promises shine brighter in Addis Abeba than the pledge of a roof for every family...
May 31 , 2025
It is seldom flattering to be bracketed with North Korea and Myanmar. Ironically, Eth...
May 24 , 2025
Public hospitals have fallen eerily quiet lately. Corridors once crowded with patient...
May 17 , 2025
Ethiopia pours more than three billion Birr a year into academic research, yet too mu...