China Merchants eyes Ethiopia’s top line

The Ethiopian government is selling shares in one of Africa’s top shipping lines. Prime minister Hailemariam Desalegn has revealed shares in Ethiopian Shipping and Logistics Services Enterprise (ESLSE) are now being sold.

“We are trying to privatise the company with some equity to a specific company, not for lack of money but to modernise the system, using foreign companies that have knowhow, technology and managerial capability,” Hailemariam said.

China Merchants is tipped as a likely investor.

ESLSE was established five years ago through the amalgamation of Ethiopian Shipping Lines, the Dry Port Services Enterprise and the Maritime and Transit Services. The company has 12 ships including two tankers.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
Back to top button