ADDIS ABABA – Ethiopian Shipping and Logistics Services Enterprise (ESLSE) has planned to earn over 104 billion Birr transporting over 8.2 million tons of goods during the current fiscal year.
ESLSE’s Corporate Communication Department Head Demisew Benti told The Ethiopian Press Agency (EPA) that the ESLSE is aiming to secure 104.14 billion Birr ferrying 8.25 million tons export and import goods.
As to Demisew, by facilitating the aforementioned tasks, the institute is going to gain 14.30 billion Birr net profit. During the past fiscal year, 57.14 billion Birr was obtained despite its earlier goal of 51.01 billion Birr revenue .
He further stated that the fright transportation of the current fiscal year has a 10% increase from the past similar period. Providing streamlined public and freight transportation as well as port and terminal services are among the activities that are running by the Service. It means that over 94 % of the country’s import and export trade is facilitated through ESLSE.
He recalled that the persisted of security problems encountered in the Red Sea area during the last budget year, however, the challenges were solved these days due to the cooperative work with the relevant bodies.
Demisew stated that ESLSE has made preliminary activities to buy six new ships in the current fiscal year. Besides, various activities are being carried out to use many ports in the future as the country has the largest population.
Currently, Ethiopian ships have been servicing over 346 international ports whilst bringing national benefit. He called on stakeholders to support ESLSE activities so as to enhancing its capacity.
BY MESERET BEHAILU
THE ETHIOPIAN HERALD SATURDAY 28 SEPTEMBER 2024
