NEWS: Two foreign banks apply to establish new banking operations in Ethiopia

NEWS: Addis Ababa approves restructuring of transport, licensing and public enterprise oversight

NEWS: Afreximbank plans $280 million in additional Djibouti infrastructure financing

NEWS: Ethiopia reportedly plans vehicle price ceilings from October 20

NEWS: Addis Ababa restricts showroom vehicle sales to licensed dealers

NEWS: Ethiopia approves shift from fuel-vehicle import ban to tariff controls

NEWS: TDB eyes Ethiopian fertilizer project, but financing and timeline remain undisclosed

NEWS: Ethiopia records USD 23m AfCFTA trade as tariff schedules lag

NEWS: MIDROC signs machinery deal for 1.25m-tonne Metekel gold plant

NEWS: Ethiopia cuts foreign homeownership threshold to USD 100,000 in three regions

News - Transport

Gulf Ingot set to launch operations as new multimodal operator in the logistics sector of Ethiopia

May 20, 2025

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.