The state-owned maritime monopoly, the Ethiopian Shipping and Logistics Service Enterprise (ESLSE) said that it is optimistic of winning a tough competition to take over the Eritrean Port of Massawa which has not been offering regular operations.
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.
The Ethiopian Shipping and Logistic Services Enterprise (ESLSE) awarded Oracle International Corporation a contract to implement its Enterprise Resource and Planning (ERP), with a total cost of USD 11 million.
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.
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.
Prosecutors of the Federal Attorney General charged former officials of the Ethiopian Shipping and Logistics Services Enterprise (ESLSE) for alleged damages amounting to more than 80 million birr. The alleged damages are connected with the purchases of vessels, trucks and containers.