Following the recent decision of Ethiopian Government to liberalization its logistics sector, Bolloré Africa Logistics and CMA/CGM Group of France venture with two local logistics companies. The executives of the two French companies who accompanied their President Emmanuel Macron, who is on state visit in Addis Ababa, signed agreements this morning with Ethiopian companies namely, CSL Logistics and MACCFA Freight Logistics. Globally CMA/CGM Group is also the third largest container shipping companies next to Maersk and Mediterranean Shipping Company (MSC). Global logistics performance reports show that Ethiopia’s logistics sector has not been doing so well as compared to its peers, such as, the small landlocked country in East Africa, Rwanda. I addition to liberalizing the logistics sector, the government of Ethiopia has also decided to end its monopoly over Ethiopian Shipping ad Logistics Services Enterprises by selling minority share to foreign companies.

Source: News Business Ethiopia March 13, 2019 09:00 UTC