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Berbera Port expansion project to commence in September

After forming a tripartite port development agreement with the United Arab Emirates (UAE) and Ethiopia, the Government of Somaliland, which is yearning to gain an international recognition, has made arrangements to commence the construction of new port facilities at the Port of Berbera.

Shipping enterprise continues being most profitable SoE

For successive years the Ethiopian Shipping and Logistics Services Enterprise (ESLSE) has continued being the most profitable state-owned enterprise (SoE) that are under the supervision of the Ministry of Public Enterprises (MoPE), with 716 million birr of gross profit record over the past half year.

Lack of forex distressing shipping, logistics enterprise

Enterprise bags over 445.4 million birr before tax The Ethiopian Shipping and Logistics Services Enterprise (ESLSE) is suffering because of poor cooperation from the Commercial Bank of Ethiopia in regards to foreign currency availability for its logistic service, officials of the Enterprise said.