April 2019 – Intrinsic Consultancy

April 29, 2019April 29, 2019

China Cancels Ethiopia’s Loan Interest Payments Until End 2018

China has announced the cancellation of accumulated interest payments on all loans it provided to Ethiopia until the end of 2018, Ethiopia’s Office of the Prime Minister disclosed on Wednesday April 24th.

The announcement was made by President Xi Jinping during his meeting with Ethiopian Prime Minister Abiy Ahmed in Beijing. The two leaders also discussed a wide range of common concerns ahead of the Belt and Road forum.

April 25, 2019April 25, 2019

Ethiopian Train Derailment Results in Over 200 million Birr in Damage

An Ethio-Djibouti Railway cargo train that derailed three weeks ago in East Shewa Zone of the Oromia Regional State caused an estimated 200 million Br to 300 million Br in damage.

A 53-wagon cargo train of the Ethio-Djibouti Railway derailed on April 4, 2019, some 15Km from the town of Metehara, while travelling from Addis Abeba to Djibouti. The derailment of the cargo train and damage sustained by the tracks has completely suspended all railway transportation between the Port of Djibouti and the capital.

April 11, 2019April 11, 2019

Modjo Dry Port Cuts Tariffs on Exports by 70 Percent

The state monopoly shipping giant, Ethiopian Shipping & Logistics Services Enterprise, will implement tariff cuts of between 50 pct and 70 pct within a month on products exported through Modjo Dry Port.

The tariff reduction will apply to all the services the port provides including cleaning the containers, containerizing the goods, transportation and loading and unloading costs. The 50 pct to 70 pct discount for exports are in relation to what the Enterprise normally charges for imports.

April 11, 2019April 11, 2019

Proposals to tackle low wages in Ethiopian garment factories

Workers in Ethiopian garment factories are continuing to earn chronically low wages and are discriminated against for union affiliations, a new survey has revealed.

The survey, which was led by the WageIndicator Foundation and the Confederation of the Ethiopian Trade Unions (CETU), found more than 90% of workers surveyed across 52 garment factories in Ethiopia are earning less than the minimum living wage.