• On Tuesday, May 27, BIFA and EFFSAA formalized a Memorandum of Understanding (MoU) aimed at facilitating knowledge and experience sharing
• The agreement is taken as a significant step towards transformative collaboration in Ethiopia’s freight and logistics industry.
• The agreement outlines collaboration in specialized training, a Multimodal Transport Operator (MTO) course, a UK knowledge exchange mission, and support for EFFSAA’s institutional development.
• Both parties will also help organize the FIATA 2027 World Congress in Ethiopia.

• Gulf Ingot has established a presence in Dire Dawa, a major commercial hub near the Djibouti border, as well as in Addis Ababa.
• It has branches Djibouti, Russia, Turkey, and the UAE, they are constructing a five-hectare dry port in Dire Dawa and operate a transport fleet of over 350 trucks.
• The six newly licensed operators are Gulf Ingot, Panafric Global, Tikur Abay Transport, Cosmos MTO, Ethio-Djibouti Railway Standard Gauge Share Company (EDR), and ESLSE.
• Cosmos MTO is a joint venture between the Oromia region’s Geda Transport and Tradepath International.
• Panafric Global, has strengthened its position by collaborating with renowned businessman Belayneh Kinde.

The new prices mark significant hikes from the last adjustment on January 7, 2025, which held steady through February

- EDR has successfully obtained a Multimodal Transport Operation (MTO) license, marking its official entry into the competitive logistics sector

- A year prior, EMA issued Non-Vessel Operating Common Carrier (NVOCC) licenses to Panafric Global Plc, Tikur Abay Transport Plc, and Cosmos MTO.