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

DP World launches new logistics arm in Australia

DP World launches new logistic ...

Jul 25, 2017: DP World Australia (DPWA) has launched DP World Logistics Australia, a new operating company offering transport and ...

Ramco ERP Solution backs AAI Worldwide Logistics operations in seven centres

Ramco ERP Solution backs AAI W ...

Jul 25, 2017: Philippines based logistics and freight-forwarding giant AAI Worldwide Logistics Inc. has announced that it has comp ...

DP World registers 8.2% YoY growth in container volumes in H12017

DP World registers 8.2% YoY gr ...

Jul 25, 2017: DP World handled 34 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals in ...

Air Arabia begins operations to Sohar Airport

Air Arabia begins operations t ...

Jul 25, 2017: The low-cost carrier (LCC) in the Middle East and North Africa, Air Arabia, has launched its inaugural flight to Soh ...