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
Togo parliament adopts WAEMU law against currency counterfeiting Bill defines offences including ...
Since its 2019 IPO, Airtel Africa paid Deloitte over $37 million in audit and non-audit fees,...
CCR-UEMOA presents mid-term review of private sector competitiveness efforts Reforms, AfCFTA trai...
World Bank announces $137 million to boost West Africa digital economy Program expands broad...
Tilenga oil project required land from 4,954 households in Uganda Over 99% of affected households...
Seaturns launches 2 MW wave energy pilot in Mauritius Project tests grid-connected technology with potential expansion to 10 MW Initiative reflects...
(BIDC) - The ECOWAS Bank for Investment and Development (EBID), in partnership with ASKY Airlines and Plan International Togo, successfully hosted the...
Rules set technical requirements and ensure fair competition in market Reform targets safer infrastructure and consumer protection in construction...
Sudan to deploy USSD services to expand access to digital banking Technology enables low-cost transactions via mobile phones without...
Event highlights growing role of diaspora entrepreneurs across multiple sectors Networks support trade, investment and SME...
Afreximbank launches Impact Stories season two highlighting trade-driven transformations Series features projects across Africa and Caribbean, from...