Ethiopian govt to offload stake in Ethiopian Shipping Lines

Ethiopian govt to offload stake in Ethiopian Shipping Lines

Jan 17, 2017: Ethiopian government has confirmed that it is in the process of selling stake in Ethiopian Shipping and Logistics Services Enterprise (ESLSE).

This news was disclosed by Ethiopian Prime Minister HailemariamDesalegn during a press briefing where he explained the costs of inland transportation outweigh the costs of transportation by sea. ESLSE is the only state run company which owns commercial boats in Africa.

“We are trying to privatise the company with some equity to a specific company, not for lack of money but to modernize the system, using foreign companies that have knowhow, technology and managerial capability,” said Hailemariam to the media.

 

Related Posts

Nestlé Middle East shifts to new logistics hub

Nestlé Middle East shifts to ...

Jun 26, 2017: Mohebi Logistics and Nestlé Middle East celebrate the successful transition of Nestlé’s logistic ...

ATR bullish on Africa and China markets

ATR bullish on Africa and Chin ...

Jun 26, 2017: The regional turboprop aircraft manufacturer ATR has announced new deals that will enable both ATR 42-600s and ATR 7 ...

Ethiopian Airlines orders five more Bombardier Q400 aircraft

Ethiopian Airlines orders five ...

24 Jun, 2017: Ethiopian Airlines has signed a firm purchase agreement for five additional Bombardier Q400 turboprop aircraft. The ...

DP World joins hands with Masdar’s green energy solutions for Africa and the Middle East ports

DP World joins hands with Masd ...

Jun 23, 2017: Dubai-based DP World and Abu Dhabi’s renewable energy company Masdar, have entered into a Memorandum of Unders ...