Addis Ababa, Ethiopia – (African Boulevard News) – The Ethiopian Maritime Authority has announced a new tender call to liberalise the country’s logistics sector, aiming to put an end to the monopoly currently enjoyed by certain firms. The move is expected to enhance competition, increase efficiency, and attract more investment in the sector.
The Ethiopian logistics sector has long been dominated by a few key players, limiting competition and innovation. However, the government’s decision to liberalise the sector is a step towards creating a more open and competitive market.
The Ethiopian Maritime Authority is now reviewing applications from firms interested in obtaining a multimodal license, allowing them to provide a wide range of logistics services, including transportation, warehousing, and customs clearance. This move is expected to encourage increased investment in the sector and stimulate economic growth.
“With the liberalisation of the logistics sector, Ethiopia can attract more foreign direct investment and strengthen its position as a regional trade hub,” said Ato Tadesse Haile, an industry expert. “The increased competition will pave the way for more efficient and cost-effective logistics services, benefiting both businesses and consumers.”
The tender call is also a response to the growing demand for logistics services in Ethiopia, driven by the country’s rapid economic growth and increasing international trade. As Ethiopia continues to attract foreign investment and expand its export market, there is a need for more efficient and modern logistics infrastructure to support these activities.
The government’s decision to liberalise the logistics sector aligns with its broader goal of transforming Ethiopia into a middle-income country by 2025. By creating a more open market, the government hopes to foster innovation, attract investment, and create job opportunities in the logistics sector.
“This is a significant step towards a more competitive logistics industry in Ethiopia,” said Ato Melese Tesfaye, a stakeholder in the sector. “It will not only improve efficiency but also lower costs, making Ethiopian goods more competitive in the global market.”
The tender call is expected to attract interest from both local and international firms, eager to tap into the potential of the Ethiopian logistics sector. The competition generated by this liberalisation is likely to drive down costs, improve service quality, and enhance overall efficiency in the industry.
The liberalisation of Ethiopia’s logistics sector marks a milestone in the country’s economic transformation journey. As the government progresses with its plans, it aims to position Ethiopia as a logistics gateway to Africa, attracting more trade and investment to the region.
In conclusion, the new tender call to liberalise the logistics sector in Ethiopia represents a major step forward in creating a more open and competitive market. With increased competition, the sector is poised to become more efficient and cost-effective, benefiting businesses and consumers alike. The government’s decision aligns with its broader economic goals and is expected to attract investment and generate job opportunities in the logistics sector. As Ethiopia continues to rapidly grow and expand its export market, a more liberalised logistics sector will play a critical role in supporting the country’s economic development.
