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FORWARDER, AGENTS CHALLENGES

Elizabeth Getahun, president of the Ethiopian Freight Forwarders & Shipping Agents Association

FORWARDER, AGENTS CHALLENGES

Elizabeth Getahun, president of the Ethiopian Freight Forwarders & Shipping Agents Association, speaks at a panel discussion on challenges and opportunities for Ethiopian businesses at the Skylight Hotel on February 25, 2021. With Getachew Regassa, secretary-general of the Addis Abeba Chamber of Commerce & Sectoral Association, moderating, the 23-year-old Agents Association, which has recently presented its five-year programme, has grappled with a logistics industry that ranks 126 out of 160 countries, according to the World Bank.

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Amendment Expands Access for Foreign Traders

Foreign participation in Ethiopia's wholesale, retail, import, and export trade sectors has come under renewed focus as the Ethiopian Investment Board(EIB) approved a significant amendment to Directive No. 1001/2016  in its meeting on May 23, 2025. The amendment, proposed by the Ethiopian Investment Commission(EIC), focuses on refining the legal framework governing foreign investment in these sectors. The decision is part of a broader strategy to enhance the country's appeal as an investment...

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NBE Sets Four Percent Ceiling on Foreign Exchange Fees

The National Bank of Ethiopia (NBE) issued a new foreign exchange market directive on May 20, 2025, that caps commercial banks' forex service fees at a maximum of four percent. Banks are instructed to adapt competitive, transparent, and streamlined pricing for all forex-related services. Effective May 26, 2025, total charges for purchasing foreign exchange whether for imports, service payments, or cash note purchases must not exceed the newly set limit. The directive also prohibits banks f...

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SantimPay Launches Zero-fee Digital Remittance Platform

SantimPay has rolled out FrankRemit, first fully integrated, zero-fee digital remittance platform, in partnership with Bank of Abyssinia(BOA). The service smoothly connects all commercial banks and major mobile money providers, including Telebirr, M-Pesa, and CBE Birr which is a first of its kind in the country. FrankRemit is expected to revolutionise how the Ethiopian diaspora sends money home. Developed locally and tested over the past two weeks with successful transfers from multiple count...

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