Newsletter, Vol. 01, No. 015

Newsletter, Vol. 01, No. 015

Awash-Meiso Road is Being Repaired

Awash-Meiso Road is Being Repaired
Awash-Meiso Road is Being Repaired

According to reports, the Awash-Meiso 70.5 km road, which is part of the Ethio-Djibouti main road, is undergoing extensive maintenance in order to handle the line’s high traffic flow.

The repair is being carried out by the Ethiopian company ‘Yonab Construction’ at a cost of 478,385,156 birr, with the Ethiopian government covering the entire cost.

Repair work is being done due to damage to the road’s base and shoulder, and the road is damaged by small to heavy holes (deep holes) and other things.

3.6 km of overlay asphalt pavement, alternate road, and other works are currently being completed in the current construction activity, accounting for 18% of the total construction work.

The road is said to increase the economic benefit of farmers because it is the main route of the country’s income and expenditure trade, as well as the passage of heavy to light vehicles.

The Adama-Awash (60 km) heavy maintenance project is currently under construction, and the Meiso-Kulbi-Harar road is reportedly in the bidding process.

Meanwhile, the Adama-Awash expressway 60 km phase one construction has begun to handle the traffic flow of the Ethio-Djibouti transport line, where more than 90% of the country’s income and expenditure trade is transferred.

Information: Ethiopian Roads Administration.

 

Some Ethiopian products have been granted duty-free entry into the Chinese market

Some Ethiopian products have been granted duty-free entry into the Chinese market
Some Ethiopian products have been granted duty-free entry into the Chinese market

It has been announced by the Ethiopian Ministry of Trade and Regional Integration (MoTRI) that the Chinese government has granted duty-free access to 1,644 Ethiopian products.

According to the Ministry, 1,644 Ethiopian products out of a total of 6,422 can be sent to China duty and quota-free.

The Chinese government is providing the market opportunity, and no duty will be imposed on Ethiopia according to MoTRI.

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108 companies’ licenses to import vehicles have been revoked.

In April 2013, the Ministry of Transport and Logistics allowed 168 companies to import vehicles in a bid to give the opportunity to transport companies interested in buying and importing heavy goods vehicles with a supply credit of at least two years.

The Ministry announced that out of the 168 companies that were given permission to import vehicles into the country, 108 companies that were not able to do so for various reasons are now canceled, and their opportunities have been given to other importers.

Ethiopian Sea Transport and Logistics Service is one of those whose licenses have been revoked.

It is said that the importers whose opportunity has been cancelled will be able to submit their evidence on two consecutive working days beginning on December 14, 2022.

Djibouti’s economy will benefit from the Ethiopian truce.

Following the Ethiopian truce, the International Monetary Fund (IMF) expects Djibouti’s economy to recover next year.

The conflict in Ethiopia, in particular, “weighed heavily on Djibouti’s economy,” according to Brett, the IMF’s team leader.

Brett noted “A truce agreed in November in Ethiopia could allow for a recovery in trade, reversing recent declines in port activity and help attract new foreign investment.”

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