The Ethiopian Maritime Transport and Logistics Authority has announced a significant increase in its annual revenue, rising from 17 billion birr to 48 billion birr, attributed to reforms implemented in recent years.

CEO Dr. Beriso Amelo recalled that prior to the recent wave of national reforms, the maritime and logistics sector faced serious challenges due to the lack of adequate policy support.

He emphasized that the development and implementation of clear policies and strategic frameworks have played a vital role in achieving the current results. Dr. Beriso also highlighted that the establishment of the National Logistics Council was a direct outcome of broader economic reform efforts initiated during this period of change.

According to him, these reforms enabled the institution to recover from a state of near-bankruptcy and transform into a profitable and sustainable entity.

Currently, it provides maritime transport and logistics services at 350 ports. According to the Ethiopian Investment Commission, its annual revenue has grown from 17 billion birr to 48 billion birr.

Dr. Beriso further stressed the importance of logistics services for national economic development. He noted that opening the sector to private operators through licensing will foster competition and improve efficiency.

Additionally, he announced the launch of a system that allows customers to access services digitally from any location, enhancing accessibility and service delivery across the board.