Newsletter, Vol. 01, No. 017

Newsletter, Vol. 01, No. 017

Dire Dawa Dry Port and Terminal Will Be Inaugurated Today

According to reports, today will mark the official opening of Dire Dawa’s dry port and terminal, which is said to be distinctive among the other dry ports constructed by the Ethiopian Shipping and Logistics Services Enterprise.

In a region known as Dire Dawa Melkajebdu, the dry port was constructed on a plot of land larger than 34 hectares.

Due to its proximity to the port of Djibouti, the Dire Dawa dry port and terminal significantly contribute to the income and expenditure trade.

 

SGTD expands to accommodate the biggest vessel in the world

The Doraleh Container Terminal Management Company (SGTD) of Djibouti, one of the top 20 high-performing port facilities in the world, is undergoing a major expansion to accommodate the next-generation Malaccamax container ships, which will lower the cost of Ethiopian cargoes and increase transhipment operations.

With a $30 million investment, the state-of-the-art port facility has also increased the size of its storage yard.

The facility said that it is investing in more ship to shore (STS) container cranes in addition to its present chain of eight cranes, which allows it to dock almost any size vessel in the globe.Read more: https://www.capitalethiopia.com/2023/02/06/sgtd-goes-big-to-accommodate-worlds-largest-vessel/

 

The modern Djiboutian logistics facility, Doraleh Multi-Purpose Port (DMP), has added additional machinery.

The launch ceremony for this recently acquired cargo handling equipment was held at DMP on February 23, 2023. As a guest of honor, Roba Megersa, CEO of ESL, attended the ceremony. According to Roba, the installation of this port equipment would greatly increase service effectiveness by enabling the quick unloading of imported commodities from vessels and their delivery to Ethiopia.

The purchase of this new equipment, according to DMP, is a component of a development strategy meant to boost the port’s performance in terms of unloading and delivery.

 

Ethiopia is one of the recipients of the $1 billion adjustment grant under the AfCFTA.

Ethiopia is one of the recipients of the $1 billion adjustment grant under the AfCFTA.
Ethiopia is one of the recipients of the $1 billion adjustment grant under the AfCFTA.

Ethiopia is one of the African nations that would benefit from Afrexim Bank’s USD one billion package to recoup any losses suffered as a result of the implementation of the African Continental Free Trade Agreement (AfCFTA).

The revelation comes at a time when the Agreement’s implementation in the 112-million-person nation has been postponed because of concerns about potential income losses.

The Afrexim Bank, which was granted the responsibility by the AfCFTA secretariat, is in charge of managing the fund, which is accessible for African nations prepared to start the agreement.

Read more

China announced that as of March 1, 2023, it will impose zero tariffs on 98 percent of the imports from Ethiopia.

China announced that as of March 1, 2023, it will impose zero tariffs on 98 percent of the imports from Ethiopia.
China announced that as of March 1, 2023, it will impose zero tariffs on 98 percent of the imports from Ethiopia.

Zhao Zhinyuan, the Chinese ambassador to Ethiopia, said on his twitter page that China will accept 8804 products with zero tariffs that are made in Ethiopia.

The ambassador said, “I am confident that this preferential treatment will help boost Ethiopian exports to China, bring more benefits to Ethiopian people and further strengthen the friendship between our two peoples”.

Source: https://waltainfo.com/china-to-offer-zero-tariff-treatment-for-most-imports-from-ethiopia/?preview_id=138405

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