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Ethiopia and Somaliland to provide a sea outlet on a leasing basis
Ethiopian Shipping and Logistics (ESL), the continent's lone deep sea vessel operator, welcomes the current agreement between Ethiopia and Somaliland to provide a sea outlet on a leasing basis.Berisso Amallo, CEO of ESL, stated that the arrangement will benefit his company's operations because the country will have a port.When we operate on own port and terminal we will have massive reduction on operational cost," he went on to say.He also stated that the company is preparing to carry out a project on the new territory that Ethiopia would secure in Somaliland, and that "we are also working to increase owned vessel and errect facility in the area."
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Ethiopia doubles down negotiations for WTO accession
By our staff reporter
Ethiopia strongly sets its sight to become a member of the World Trade Organization (WTO). A new national committee gets established...
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Currency outside banks hit all-time highs
By Muluken Yewondwossen
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Finance Ministry dispels woes over hotly debated procurement law
By Muluken Yewondowssen
The Ministry of Finance (MoF) dismisses concerns of State-owned companies (SOEs), who argue that the draft proclamation on public procurement and property...
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Tough times, tight measures: Gov’t leans its finances in first quarter
By Muluken Yewondwossen
Government borrows 17 billion birr from the National Bank of Ethiopia (NBE), in the first quarter of the budget year, whilst disclosing...
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Ethiopia at risk of losing its coffee export to the EU
By our staff reporter
Ethiopia is at risk of losing of its coffee export to the European Union (EU) due to its failure to implement...
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Flowerport PLC- perishable goods exporter eyes European financing
Shortage in foreign currency pinches exporters
By Muluken Yewondwossen
WoubGet Business Group, through Flowerport Perishable Plc urges government to give the node in obtaining foreign currency...
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Who will own Hilton Addis next?
By Muluken YewondwossenHilton Worldwide conducts an evaluation about the future of Hitlon Addis Ababa, its inaugural brand in Africa, which debuted more than fifty...