EthioDjibouti

Ethio-Djibouti Railway Appoints New CEO

Ethio-Djibouti Railway Appoints New CEO

Engineer Daniel H/Michael has been appointed as the CEO of Ethio-Djibouti Railway (EDR). Previously serving as the Chief Technical Officer of EDR, Engineer Daniel H/Michael has now taken on the role of acting CEO. This appointment was made by the Chairman of the Board of Ethio-Djibouti Railway, Minister of Mines Habtamu Tegegn. He replaces Abdi Zenebe, the former CEO of the Ethio-Djibouti Railway Joint Stock Company and the reason for Abdi Zenebe’s departure remains unclear. In the past nine months, the Ethio-Djibouti Railway Transport Joint Stock Company has earned over 2.4 billion birr from passenger and freight services. The railway…
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Ethio-Djibouti Railway Hits 2.4 Billion Birr Milestone

Ethio-Djibouti Railway Hits 2.4 Billion Birr Milestone

The Ethio-Djibouti Railway Transport Joint Stock Company has announced a significant milestone, reporting earnings surpassing 2.4 billion birr from passenger and freight services over the past nine months. Spearheading transportation operations, the association accommodates an impressive daily average of 700 to 1000 passengers. Abdi Zenebe, the CEO of the association, proudly proclaimed that the company achieved 98 percent of its outlined objectives by facilitating the transportation of over 155,000 travelers and 1.4 million tons of cargo during this period. Ethiopia assumed the responsibility of managing the association from January 2024, underscoring its commitment to bolstering transportation infrastructure and economic growth.…
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World Bank grants $730 million to modernise Ethio-Djibouti transport

World Bank grants $730 million to modernise Ethio-Djibouti transport

The Ministry of Finance and the World Bank have signed a $730 million support agreement for the African Regional Economic Corridor Project (Ethio-Djibouti Corridor Project). The project will strengthen Ethiopia's logistics and communication capacity in a manner linked to the strategic Addis Ababa-Djibouti corridor, which accounts for 90 percent of Ethiopia's maritime trade. According to the agreement, financial support will be provided for the construction of the Meoso-Deredawa road. The Ministry of Finance announced that the construction will increase the capacity and efficiency of transportation. Other infrastructures, including access to health, water and education services, will be supported for citizens…
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Ethio-Djibouti Railways set to Streamline Ethiopian Export

Ethio-Djibouti Railways set to Streamline Ethiopian Export

Ethio-Djibouti Standard Gauge Railways S.C has set to streamline Ethiopian Export products and boost Profitability, according to Ethiopian Embassy in Djibouti. A delegation led by, the CEO of Ethio-Djibouti Standard Gauge Railways S.C Abdi Zenebe, visited Djibouti and held discussion with a diplomat at the Embassy to discuss ways to streamline Ethiopian export products by reducing logistical bottlenecks and increasing profitability. By utilizing railway wagons and setting up affordable prices to attract more clients, the railway company is focusing on schemes of addressing logistical issues caused by the conventional ways of transporting Ethiopian export products to Djibouti and beyond. The…
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