Public Management

Ethiopia dedicates $150mln to make Modjo port its main logistics hub

Ethiopia dedicates $150mln to make Modjo port its main logistics hub
Tuesday, 28 January 2020 11:47

Ethiopian Shipping & Logistics Enterprise wants to make the dry port of Modjo the main logistics hub of the country. The project valued at $150 million will be funded by the World Bank.

The dry port of Modjo, situated in the centre of the country 76 km from Addis Ababa, will be completely transformed into a logistics center over the next five years, says Ewnetu Taye, Deputy Managing Director of Ethiopian Shipping & Logistics Enterprise.

As part of the extension and modernization work, the platform will be extended to 300 hectares from the current 30 hectares. This initiative is expected to help strengthen trade with the port of Djibouti via the Ethiopia-Djibouti railway, built by China.

Opened 11 years ago, the dry port of Modjo has contributed hugely to Ethiopia's import-export trade. With a capacity of 16,000 containers, it hosts 78% of the country's transport and logistics services.
“By enhancing the performance of the Ethio-Djibouti corridor through improvements in the range and quality of logistics services at Modjo Dry Port, and reducing burdensome regulations in customs, trade finance and trade facilitation, the government will be able to reap the benefits of trade that help to drive growth and reduce poverty,” said Klaus Tilmes, Director of Competitiveness at the World Bank.

Romuald Ngueyap

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
Kenya’s CMA licensed Safaricom and Airtel Money as Intermediary Service Platform Providers (ISPPs), enabling them to offer regulated capital markets...
The BCID-AES launches with 500B CFA to fund Sahel infrastructure, asserting sovereignty from the BCEAO and ECOWAS financial systems. Ministers from...
Nomba brings Apple Pay to 300k Nigerian shops. Following Paystack, this "second row" move enables tap-to-pay on POS terminals for the first...
(UMOA-TITRES) - UMOA-Titres announces the organisation of the 8th edition of the Regional Public Securities Market Meetings (REMTP), to be held on 27–28...
Most Read
01

Kenya shipped its first mango consignment to the UK on December 20 The move is part of a pilo...

Kenya targets UK market to boost mango exports
02

Nomba brings Apple Pay to 300k Nigerian shops. Following Paystack, this "second row" move enables ...

Beyond Online Checkouts: Apple Pay Finds a Second Row into Nigeria via Nomba
03

Kenya’s CMA licensed Safaricom and Airtel Money as Intermediary Service Platform Providers (ISPPs)...

Safaricom and Airtel Money Licensed to Facilitate Capital Markets Access in Kenya
04

In Africa, the transformation of food systems has become an urgent issue in the face of rapid popula...

AGRA’s Lilial Githinji “Leadership capacity remains the missing ingredient in Africa’s food systems transformation”
05

The BCID-AES launches with 500B CFA to fund Sahel infrastructure, asserting sovereignty from the B...

AES Launches Confederal Investment Bank: A Strategic Pivot Toward Sahelian Financial Sovereignty
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.