Ethiopia committed to diversifying ports to stimulate economy – Ministry

Addis Ababa, June 2, 2024 (FBC) – Ethiopia is actively pursuing the diversification of ports with the aim of boosting its economy, Transport and Logistics State Minister Dange Boru said.

The focus is on Ethiopia’s efforts to expand its options for maritime trade, which is seen as a strategy to drive economic growth and development within the country.

A half-day panel discussion organized by the Addis Ababa University (AAU) and Ethio-Logistics Sectorial Association (ELSA) was held under the theme “Ethiopia’s port diversification strategy: opportunities and challenges from stakeholder perspective” on Saturday.

In his opening remark, Transport and Logistics State Minister Denge Boru emphasized the importance of strengthening collaboration among stakeholders to facilitate the establishment of alternative ports for the country.

Collaboration among stakeholders, including government agencies and the private sector, is essential for developing innovative strategies to invest in critical infrastructure.

The state minister added that it is imperative for Ethiopia to significantly diversify access to its neighbors ports by entering into the necessary arrangements with them and building infrastructure.

This would help it, among others, to enhance its economic competitiveness, support its development and consolidate its influence in the region.

“Let’s us seize this moment to reaffirm our commitment to unlocking Ethiopia’s great potential through port diversification. By working together we can overcome challenges, maximize opportunities and pave the way for a more prosperous and resilient economy,” Denge stated.

Experts at the panel also emphasized the importance of Ethiopia’s port diversification to ensure economic growth and enhance bargaining power of the country, as per ENA.