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
Phatisa reaches $86 million first close for food fund Backed by BII, IFC, and other development finance institutions Fund targets Africa’s food...
Gabon Loisirs et Tourisme acquires Newrest Gabon operations Deal covers 300 employees, nine sites, and industrial catering services Takeover...
PenCom licenses Awabah as the first approved pension agent Move targets informal and self-employed workers under the micro pension scheme Reform aims...
Mali plans to raise CFA1,450 billion on the WAEMU financial market in 2026 Issuance will be spread quarterly through Treasury bills and bonds Regional...
Most Read
01

Except for Tunisia entering the Top 10 at Libya’s expense, and Morocco moving up to sixth ahead of A...

Global Firepower Index 2026: Egypt, Algeria, Nigeria Lead Africa's Military Rankings
02

Deposits grow 2.7%, supporting lending recovery Average loan sizes small, credit risk persists ...

Togo Microfinance: Deposits and Loans Rise Simultaneously in Q3 2025
03

Oil majors expand offshore exploration from Senegal to Angola Gulf of Guinea accounts for about 1...

Gulf of Guinea regains appeal as a key exploration hub for oil majors
04

The BCEAO granted Semoa a level-3 “full service” payment institution license on January 27, 2026...

Togolese Fintech Semoa Wins Full-Service BCEAO License
05

MTN is considering buying back telecom towers it sold years ago, signalling that control of infras...

MTN’s Talks to Buyout IHS: A Strategic Reversal That Could Reshape African Telecoms
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.