China to finance nine new ESL ships

By Yohannes Anberbir

The Export and Import Bank of China (EXIM) has shown a keen interest in financing 240 million dollars of Ethiopian Shipping Lines S.C (ESL) loan demands for the procurement of nine new ships with an aggregate carrying capacity of 300,000 tonnes.

Full Story | | Send To Friend |


MTSE secures over 127.2 mln birr income

Addis Ababa, February 14, 2010 (Addis Ababa) -Maritime and Transit Services Enterprise (MTSE) said it has secured over 127.2 million birr income over the past six months.

Full Story | | Send To Friend |


Ethiopian-flagged vessel thwarts pirate attack

An Ethiopian-flagged vessel fought off a pirate attack in the Gulf of Aden earlier this week, the multi-national anti-piracy task force said Thursday.

Full Story | | Send To Friend |


Ministry to Buy Petroleum Transporters at 75 million Br

The Ministry of Works and Urban Development (MoWUD) has ordered 50 trucks from China at a cost of 75 million Br for the state owned Weyra Transport SC for the transport of petroleum. The money was made available through a loan agreement between Weyra and the Commercial Bank of Ethiopia (CBE).

Full Story | | Send To Friend |


Drive to Mombassa Eased by $85m Loan

The African Development Bank (AfDB) approved an 85 million dollar loan to Ethiopia for the construction of a 192km road which will enable Ethiopia to access the Mombassa Port.

Full Story | | Send To Friend |



Next >>>