ADDIS ABABA, May 21 (Xinhua) -- The Chinese-built Ethiopia-Djibouti railway has significantly reduced logistics time and costs, boosting Ethiopia's import and export trade, according to the Ethio-Djibouti Standard Gauge Railway Share Company (EDR). Currently, more than 15 percent of Ethiopia's overall import and export trade is conducted via this railway. Zenebe said the railway is particularly effective in streamlining the transportation of Ethiopia's major export commodities, such as coffee. He noted that 98 percent of Ethiopia's entire coffee export, a cornerstone of the country's agriculture-led economy, now passes through the Ethiopia-Djibouti railway. Official data reveal that the Ethiopia-Djibouti railway has transported 680,000 passengers and 9.5 million tons of cargo, with an average annual transportation revenue increase of 39 percent over the past six years.

Source: Ethiopian News May 21, 2024 16:39 UTC