The Ministry of Transport and Logistics (MoTL) gives a one-month deadline for 108 companies that have been given a loan guarantee from the African Export-Import Bank (Afrexim) to import 1,700 trucks. Authorities’ approved the importation of 2445 trucks by 168 businesses with two year supply credit arrangement. With a two-year supply credit arrangement, authorities have authorized 168 companies to import 2445 trucks. In all, 745 trucks were able to get the import guarantee from Afrexim and get a letter of credit opened (LC). After the extended period expires, it is anticipated that other companies will import at least 50 vehicles, according to Denge.

Source: Ethiopian News December 17, 2022 07:36 UTC