Ethiopia, which is liberalizing its economy, is in the final stages of opening its logistics sector to foreign investment. Finance Minister Ahmed Shide highlighted the importance of these reforms during an event recognizing the contributions of key players in the logistics sector. Transport and Logistics Minister Alemu Sime (PhD) echoed these sentiments, noting that Ethiopia's Logistics Performance Index had risen from 2.53 to 2.94, reflecting improved efficiency in the sector. In 2027, Ethiopia will host the prestigious International Logistics Conference, marking the country's emergence as a growing player in global logistics. The conference, expected to draw 1,500 to 2,000 attendees, will provide a unique opportunity for Ethiopian companies to collaborate with international logistics firms.

Source: Ethiopian News October 12, 2024 12:47 UTC