The Ethio-Djibouti Railway Standard Gauge SC (EDR) is enhancing its logistics capabilities by incorporating...

The Ethiopian Capital Market Authority (ECMA) has introduced a series of stringent penalties aimed...

Ethiopian Shipping and Logistics (ESL) has been granted exclusive rights to manage cargo from key international trade routes. The Ethiopian Maritime Authority (EMA) has issued a long-anticipated notice to industry stakeholders, marking a significant milestone in the deregulation of Ethiopia’s multimodal transport industry. This development comes one year after the government granted permits to new entrants, ending ESL’s nearly 15-year monopoly in the sector. The notice, addressed to both domestic and international stakeholders, officially permits five licensed multimodal transport operators (MTOs) to enter the market. Gulf Ingot FZC, a Sharjah-based firm, has also been included as the sixth operator. The initiative to liberalize the multimodal transport system began in 2020 as part of broader industry reforms aimed at increasing participation in the logistics sector. Previously, ESL was the sole operator under the MTO framework that had been in...

The House of People's Representatives has approved a draft proclamation for the establishment of...

In a strategic move to address the widening gap between industrial demand and workforce...

Wisdom is the outcome of seasoned reflections acquired through wide experience and extensive learning. Proverbs are distilled phrases intended...

The above three words were/are used to describe the situation that prevailed during the heydays of the Roman Empire....

On March 1, 1896, the Battle of Adwa marked a pivotal moment in African history, as Ethiopian forces led...

Ethiopia stands on the brink of a significant transformation as it seeks to join the World Trade Organization (WTO),...

Ethiopia's vibrant ecosystem of micro, small, and medium-sized enterprises (MSMEs) is a critical engine for economic growth, yet these businesses often face significant hurdles in accessing the financial services they need to thrive. To address this challenge, a powerful collaboration has emerged between Dashen Bank, Accion, and Mastercard, aiming...

As Germany and Ethiopia celebrate 120 years of diplomatic ties, Capital sat down with Jens Hanefeld, the German Ambassador to Ethiopia and Permanent Observer to the African Union, to discuss the rich history, current collaborations, and future potential of this important relationship. Ambassador Hanefeld shares his insights on economic...