BY ANDUALEM SISAY GESSESSE – As the saying goes, problem and shortage are opportunities for business and investment. The fact that Ethiopia has been known for long not been able to feed itself is an opportunity for those who invest in agriculture sector.
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The new Tadjoura Port of Djibouti began this week serving northern Ethiopian regions allowing the country to import and export non-containerized goods, says the Ministry of Transport of Ethiopia.
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Food inflation rate in Ethiopia has increased to 22.2 percent for the month of March 2020 from 20.9 percent the previous month, the state agency said.
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The country level overall inflation rate in Ethiopia (annual change based on 12 months Moving Average) rose by 15.8 percent in December 2019 as compared to the one observed in a similar period a year ago.
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The Ethiopian Shipping and Logistics Services Enterprise (ESLSE), the government company which has been in shipping business for over 54 years, says it has been deprived from transporting Ethiopia’s major import items such as fuel, fertilizers and wheat.
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A new accord is signed between Ethiopian Maritime Affairs Authority (EMAA) and World Food Programme to relieve congestion in the Port of Djibouti.
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