Addis Ababa, Ethiopia – Ethiopian Shipping and Logistics (ESL) has recorded a 9.3 billion birr profit in the first half of the 2024/25 fiscal year, significantly exceeding its initial financial projections. As Africa’s only deep-sea shipping operator, ESL continues to strengthen its foothold in the maritime logistics industry, contributing to Ethiopia’s trade and economic growth.

According to CEO Berisso Amallo, the company had originally forecasted a profit of 6.2 billion birr for the first six months of the fiscal year. However, ESL’s actual profit exceeded this target by an impressive 150%, reflecting its operational efficiency and the impact of favorable economic policies. In terms of revenue, the company generated 46.8 billion birr, surpassing its 44.1 billion birr goal.

The CEO attributed the company’s strong financial performance to several crucial factors:

Looking ahead, ESL aims to:

ESL’s strong financial results reflect not only its adaptability to Ethiopia’s evolving economic landscape but also its ability to compete on an international level. As global trade routes shift and regional economies develop, ESL is positioning itself to play a crucial role in the future of African maritime logistics.