ADDIS ABABA, June 3 (Xinhua) -- The Ethiopia-Djibouti Standard Gauge Railway Share Company (EDR) and Ethiopia's state-owned logistics enterprise, Ethiopian Shipping and Logistics (ESL), have signed an agreement to join forces to modernize Ethiopia's logistics sector. The Chinese-built 752-km Ethiopia-Djibouti railway is fast becoming Ethiopia's preferred route for imports and exports. According to the EDR, more than 15 percent of Ethiopia's overall import and export trade is currently conducted via this railway. According to the EDR, some 98 percent of Ethiopia's entire coffee export, a cornerstone of the country's agriculture-led economy, now passes through the Ethiopia-Djibouti railway. Last month, the Chinese management consortium of the Ethiopia-Djibouti railway officially transferred the management responsibility of Africa's first electrified cross-border railway to Ethiopia and Djibouti after six years of successful operation.

Source: Ethiopian News June 03, 2024 17:00 UTC