Addis Ababa, August 31, 2023 (Addis Walta) Ethiopian Investment Commission (EIC) Commissioner, Lelise Neme, invited the Port of Singapore Authority (PSA) to engage in logistics investment in Ethiopia.
The Commissioner visited the PSA with Industrial Parks Development Corporation (IPDC) CEO, Aklilu Tadesse, and conferred with the officials of the authority.
The Commissioner expressed Ethiopia’s interest in the sector and called on the officials of the PSA to engage in investment ventures in Ethiopia and share their experiences in the sector, according to IPDC.
IPDC CEO, Aklilu Tadess, on his part, pointed out that the existence of efficient and effective logistics service is significant for the supply and export of raw materials for the manufacturing sector and industrial development. He also added that it plays an invaluable role in the development of the sector.
The Port Authority of Singapore has 50-plus years of experience and manages a port that has the capacity to land more than 200,000 containers at once.
