Consta to Resume Work on Ethio-Djibouti Railway

Consta is anticipating the lifting of the ban on it and to resume construction of the Ethio-Djibouti Railway before the end of this month.

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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.

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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.

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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.

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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).

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