ADDIS ABABA – Bolloré Transport & Logistics signed with CLS Logistics Services, its partner for over 11 years, a Memorandum of Understanding to create a joint-venture. The signing took place in Addis Abeba on 13 March 2020 in the presence of Jean-Yves Le Drian, Minister of Europe and Foreign Affairs (France) and Ahmed Shide, Ethiopian Minister of Finance.
Already supplying transit and logistics services in Ethiopia, Bolloré Transport & Logistics and CLS Logistics Services PLC aim to offer their customers dedicated services meeting the highest international standards. More broadly, they aim to improve the supply chain of strategic sectors in the country such as textiles, coffee, industrial projects and infrastructure following the partial opening of the logistics sector in Ethiopia.
As part of this agreement, the joint-venture plans to invest 15 million euros to build a new, fully secure and modern logistics hub. The project involves the construction of 12,000 m² of multi-activity warehouses (textile, consolidation/deconsolidation, coffee processing, container yard, etc.) on a 5 hectare site in the initial phase.
With its experience in port concessions and dry ports in Africa, Bolloré Transport & Logistics also intends to support the Ethiopian authorities in the modernization and development of dry ports, and in particular that of Modjo, in order to position it as one of the main logistics hubs of East Africa.
About Bolloré Transport & Logistics
Bolloré Transport & Logistics, a subsidiary of Bolloré – a French transportation company headquartered in Puteaux, is a major international transport and logistics operatorwith more than 36,500 employees spread across 107 countries on five continents. The company supports major international groups and thousands of small and medium enterprises around the world.
Bolloré Transport & Logistics has been operating in Africa for over half a century, contributing to the growth of local economies through the development of modern infrastructures, creating jobs and training professional in the transport and logistics sector.
About CLS Logistics Services PLC
Based in Addis Ababa, CLS Logistics Services PLC is one of the leading freight forwarding companies providing shipping and logistics solutions to the import-export business around the globe. The company is a fully licensed and well equipped global freight forwarding operator with commendable experience and focus on providing tailor made total global logistics solutions to meet wide array of customer requirement.
Source: Bolloré Transport & Logistics