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Railway Slashes Loading Time as Pressure Mounts on Supply Chain


Railway Slashes Loading Time as Pressure Mounts on Supply Chain

The Ethiopia-Djibouti Railway has cut train loading and unloading time from 24 hours to 12 hours in a bid to ease a growing container shortage and speed up cargo movement along the corridor. The operator, led by Takele Uman, former mayor of Addis Abeba, said the change is part of efforts to increase train frequency and improve logistics efficiency. Importers and exporters have been urged to complete customs clearance and documentation faster to match the tighter schedule. Officials stressed that containers must be swiftly moved through dry ports to prevent bottlenecks, as the system comes under pressure to keep goods flowing without delays.

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Abay Bank Lists on Ethiopian Securities Exchange as Fifth Entrant

Abay Bank Share Company began trading on the Main Board of the Ethiopian Securities Exchange (ESX) on June 25, becoming the fifth company to list after registering its ordinary shares with the Ethiopian Capital Market Authority (ECMA). The stock debuted at 1,800 Br a share, making all 9.66 million ordinary shares immediately tradable. The listing follows a year of strong financial and digital growth. For the fiscal year ended June 30, 2025, the bank reported a three-billion-Br profit, assets...


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Court Freezes Bank Accounts and Assets in Cosmo Trading Dispute

The Federal High Court Civil Bench has ordered the Commercial Bank of Ethiopia, Awash Bank, Hibret Bank and Bank of Abyssinia to freeze accounts held by Cosmo Trading Plc and Haileyesus Mengistu, blocking transactions of up to 400 million Br. The order follows the House of Federation's April 27, 2026 decision to suspend enforcement of earlier commercial rulings while it reviews a constitutional dispute over inheritance and contested business assets. The case centres on a nine-storey hotel on...


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Bule Hora, Kebri Dehar Universities Sign Austrian Partnership

Bule Hora and Kebri Dehar universities have signed separate memoranda of understanding with Austria's Leoben University to strengthen training in mining, petroleum and energy as Ethiopia seeks to build resource-based industrial capacity. The partnerships aim to enhance academic and practical skills in mining engineering, petroleum studies and energy systems, disciplines viewed as critical to the country's long-term extractive and industrial ambitions. Under the agreement, Bule Hora Univers...