DP World’s ambitions in Ethiopia are failing to materialize
The framework agreement signed in May 2016 between DP World and the Ethiopian government had given rise to expectations of concrete achievements during 2019. However, in the meantime, the group is still waiting for the privatisation of public monopolies. Jeune Afrique Business+ explains.
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▪ DP World’s ambitions in Ethiopia are failing to materialize
▪ The framework agreement signed in May 2016 between DP World and the Ethiopian government had given rise to expectations of concrete achievements during 2019. However, in the meantime, the group is still waiting for the privatisation of public monopolies. Jeune Afrique Business+ explains.
▪ https://www.africabusinessplus.com/en/803376/les-ambitions-de-dp-world-en-ethiopie-ne-se-sont-pas-concretisees/
DP World had undertaken to work with Ethiopian Shipping and Logistics Services Enterprise (ESLSE), the former shipping company which became the state-owned monopoly in charge of the country’s logistics, particularly for the development of container depots and dry ports. With Industrial Park Development Corp, DP World was also due to discuss the construction of industrial parks. To date, however, nothing has been done. Last year, the government announced a partial privatisation of ESLSE which is highly coveted by the world’s major shipping and logistics operators. Following a visit to Ethiopia by French President Emmanuel Macron in March 2019, CMA CGM also expressed its interest.
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