Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    US Vice President Harris to address China’s influence and debt distress in Africa visit

    March 24, 2023

    Ghana’s finance ministry: expects financing assurances ‘very soon’ amid China visit

    March 24, 2023

    ‘Hotel Rwanda’ figure Rusesabagina to be released from prison -government source

    March 24, 2023
    Facebook Twitter Instagram
    • Home
    • About Us
      • Profile
      • The Team
      • Advertise
      • Media Kit
    • Contact Us
    • Regions
      • Ghana
      • Nigeria
      • Kenya
      • South Africa
      • Europe
      • United Kingdom
      • USA (North America)
    Trending
    • US Vice President Harris to address China’s influence and debt distress in Africa visit
    • Ghana’s finance ministry: expects financing assurances ‘very soon’ amid China visit
    • ‘Hotel Rwanda’ figure Rusesabagina to be released from prison -government source
    • Whole-genome sequencing reveals genetic structure, evolution of African populations
    • Op-Ed: World TB Day – Yes! We can end TB
    • Bybit Goes Live With ARB Token and a $400K Prize Pool
    • Ghana’s power producers urge government to pay $1.4bn debt
    • Chad says it has nationalised all assets owned by Exxon Mobil
    0 Shopping Cart
    Facebook Twitter YouTube LinkedIn
    Africa BriefingAfrica Briefing
    Resources
    Support Us
    • News
    • Politics
    • Business
    • Energy
    • Technology
    • CryptoTech
      • Crypto News
      • Startups & Companies
      • Crypto Currencies
      • DeFi
      • Metaverse
      • NFTs
    • More
      • Videos
      • Opinion
    • Magazine
    Home » Ethiopia and Djibouti unlock markets with new railway line
    Business & Economy

    Ethiopia and Djibouti unlock markets with new railway line

    Editorial StaffBy Editorial StaffOctober 7, 2016No Comments0 Views
    Facebook Twitter WhatsApp Telegram
    Share
    Facebook Twitter Telegram WhatsApp

    WITH Chinese conductors at the helm, a fleet of new trains has begun plying a new route from the Ethiopian capital, Addis Ababa, to the Red Sea port city of Djibouti in a major boost to both economies.

    The 750km railway, built by two Chinese companies, was inaugurated October 5 at a newly built station just outside the Ethiopian capital.

    Ethiopian Prime Minister Hailemariam Desalegn and Djibouti President Ismael Omar Guelleh were welcomed by the uniformed Chinese personnel who will operate the trains until their local counterparts have been trained.

    ‘This train will [speed up development of] our country’s manufacturing industry and it will provide huge benefits to the industrial parks and modern farms that will be built in the future. It will give employment opportunities for our citizens,’ Desalegn said at the ceremony.

    While coffee production remains Ethiopia’s biggest earner and agriculture its main employer, the country is working to diversify exports and boost its manufacturing industry.

    The new railway will take products between Ethiopia and Djibouti in about 10 hours, a far cry from the current excruciating multiday trip along a congested, potholed road.

    ‘It takes two or three days for a truck to come from Djibouti,’ said Ethiopian importer Tingrit Worku. ‘The train could make a huge difference.’

    At present about 1,500 trucks a day lumber along the road, which carries 90 percent of imports and exports from landlocked Ethiopia to the port — a key trading hub to Asia, Europe and the rest of Africa.

    ‘This train is a game changer. Ethiopia is one of the fastest-growing economies in Africa.

    ‘The connection to the ports will give a bounce, and our economy will grow faster,’ said Mekonnen Getachew, project manager of the Ethiopian Railways Corporation.

    The country was the world’s fastest-growing economy in 2015 at 10.2 percent. However, the IMF estimates that the worst drought in 30 years is likely to send this growth rate plummeting to 4.5 percent in 2016.

    Both countries benefit from integration, with Ethiopia gaining access to the sea and Djibouti gaining access to Ethiopia’s market of 95-million people.

    The inauguration will be followed by a three-month test period, with no paying passengers and only cargo being carried along the line.

    ‘We have a management contract with Chinese staff for five years, with Ethiopians in training,’said Getachew.

    The $3.4bn railway, with its red, yellow and green trains evoking the Ethiopian flag, was 70 percent financed by China’s Exim Bank and built by China Railway Group and China Civil Engineering Construction.

    A high-level Chinese delegation in Addis Ababa for the inauguration on Tuesday signed agreements worth $100 million for the construction of roads, the state-controlled Fana Broadcasting Corporation reported.

    Share. Facebook Twitter Telegram WhatsApp

    Related Posts

    Ghana’s finance ministry: expects financing assurances ‘very soon’ amid China visit

    March 24, 2023

    UK and Kenyan ministers in first meeting to secure jobs and increase trade

    March 23, 2023

    Promoting equity: Three women who run Nestlé factories in Africa

    March 23, 2023
    Add A Comment

    Comments are closed.

    Top Posts

    Sex tourism: The Gambia is fed up with UK grandmothers hunting for toy boys

    September 19, 20223,240

    Op-Ed: Qatar World Cup 2022 – prejudice, coordinated attacks and Western grandstanding

    November 4, 20222,437

    Ghanaian architect of UK’s Black History Month honoured by prestigious British university

    December 12, 20221,356

    Nigerian appointed director of UN disarmament

    October 25, 20221,099
    Don't Miss
    Politics

    US Vice President Harris to address China’s influence and debt distress in Africa visit

    By Editorial StaffMarch 24, 2023480

    VICE President Kamala Harris starts a weeklong trip to Africa this weekend as the United…

    Ghana’s finance ministry: expects financing assurances ‘very soon’ amid China visit

    March 24, 2023

    ‘Hotel Rwanda’ figure Rusesabagina to be released from prison -government source

    March 24, 2023

    Whole-genome sequencing reveals genetic structure, evolution of African populations

    March 24, 2023
    Stay In Touch
    • Facebook
    • Twitter
    • YouTube
    • LinkedIn
    About Us
    About Us

    AfricaBriefing is a monthly magazine designed to provide news and information on Africa to Africans at home and abroad, and the wider global audience that has a committed interest in the continent’s political, economic and social developments.

    Facebook Twitter YouTube LinkedIn
    Our Picks

    US Vice President Harris to address China’s influence and debt distress in Africa visit

    March 24, 2023

    Ghana’s finance ministry: expects financing assurances ‘very soon’ amid China visit

    March 24, 2023

    ‘Hotel Rwanda’ figure Rusesabagina to be released from prison -government source

    March 24, 2023
    Most Popular

    Sex tourism: The Gambia is fed up with UK grandmothers hunting for toy boys

    September 19, 20223,240

    Op-Ed: Qatar World Cup 2022 – prejudice, coordinated attacks and Western grandstanding

    November 4, 20222,437

    Ghanaian architect of UK’s Black History Month honoured by prestigious British university

    December 12, 20221,356
    © 2023 AfricaBriefing. Designed by KMG.

    Type above and press Enter to search. Press Esc to cancel.

    We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
    Cookie SettingsAccept All
    Manage consent

    Privacy Overview

    This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
    Necessary
    Always Enabled
    Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
    CookieDurationDescription
    cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
    cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
    cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
    cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
    cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
    viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
    Functional
    Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
    Performance
    Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
    Analytics
    Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
    Advertisement
    Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
    Others
    Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
    SAVE & ACCEPT