Ethiopia is set to end the state monopoly on the multimodal transport sector this month, opening the industry to private investors. The Ethiopian Maritime Authority has announced that the first three private multimodal operators will be accredited and granted work permits in October, with operations expected to commence within six months. Out of eight organizations that applied for multimodal work, only three—Panafric Global, Tikur Abay Transport, and Cosmos Multimodal Operation—met the government’s criteria for accreditation. “Our bilateral agreement with Djibouti has been mentioned as a multimodal operator operating in Ethiopia, but we are now finalizing this matter,” he said. Alemu Sime, Minister of Transport and Logistics, emphasized the government’s commitment to providing private investors with essential infrastructure and institutional support.

Source: Ethiopian News October 21, 2024 08:51 UTC