Consta to Resume Work on Ethio-Djibouti Railway
Consta is anticipating the lifting of the ban on it and to resume construction of the Ethio-Djibouti Railway before the end of this month.
China to finance nine new ESL ships
The Export and Import Bank of China (EXIM) has shown a keen interest in financing 240 million dollars of Ethiopian Shipping Lines S.C (ESL) loan demands for the procurement of nine new ships with an aggregate carrying capacity of 300,000 tonnes.
MTSE secures over 127.2 mln birr income
Addis Ababa, February 14, 2010 (Addis Ababa) -Maritime and Transit Services Enterprise (MTSE) said it has secured over 127.2 million birr income over the past six months.
Ethiopian-flagged vessel thwarts pirate attack
An Ethiopian-flagged vessel fought off a pirate attack in the Gulf of Aden earlier this week, the multi-national anti-piracy task force said Thursday.
Ministry to Buy Petroleum Transporters at 75 million Br
The Ministry of Works and Urban Development (MoWUD) has ordered 50 trucks from China at a cost of 75 million Br for the state owned Weyra Transport SC for the transport of petroleum. The money was made available through a loan agreement between Weyra and the Commercial Bank of Ethiopia (CBE).
Drive to Mombassa Eased by $85m Loan
The African Development Bank (AfDB) approved an 85 million dollar loan to Ethiopia for the construction of a 192km road which will enable Ethiopia to access the Mombassa Port.
Yangfan Motors Joins Ranks of Local Auto Assemblers
Yangfan Motors Plc, registered in Ethiopia by Lifan Motors, the Chinese auto manufacturer, has unveiled its new model automobiles during the launching ceremony held on Tuesday, December 9, 2009, at the Sheraton Addis.
Auto Acquisition Transferred from Transport Authority to Finance Ministry
The job of procuring vehicles for government bodies whose budget comes from the federal government has been transferred from the Transport Authority to the Ministry of Finance and Economic Development (MoFED).
Africa adopts harmonized maritime transport charter
Africa is moving towards a harmonized maritime transport charter that will apart from building trade capacity see a united approach to industry threats such as piracy.
Rotterdam Rules Signature Ceremony
This new Convention extends and modernizes the existing international rules relating to the contract of maritime carriage of goods. The aim is that the Convention will replace the Hague Rules, the Hague-Visby Rules and the Hamburg Rules and that it will achieve uniformity of law in the field of maritime carriage, as well as provide for modern industry needs in terms of door-to-door carriage.