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27 May 2019 The on-line newspaper devoted to the world of transports 13:58 GMT+2

March 13, 2019

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New joint venture of the French CMA CGM and Bolloré Transport & Logistics in Ethiopia

Agreements with MACCFA Freight Logistics, Ethiopian Shipping and Logistics Services Enterprise and CLS Logistics

Today, in the within of the visit of French president Emmanuel Macron in East Africa, the French companies CMA CGM and Bolloré Africa Logistics have signed agreements with two logistic societies and an Ethiopian company of navigation.

The shipowning group CMA CGM has undersigned a memorandum of understanding with the MACCFA Freight Logistics di Addis Abeba based on which the French group will acquire 49% of the share capital of the Ethiopian logistic company, that it collaborates from years with CMA CGM in quality of shipping agent of the French company in Ethiopia. Moreover the French group has signed a letter of attempts with the company of navigation Ethiopian Shipping and Logistics Services Enterprise (ESL) relative to the management of the Modjo Dry Port, dry port that is developing with the scope to support the activities of the port of Djibouti.

The terminalista society Bolloré Transport & Logistics (former Bolloré Africa Logistics) of the Bolloré group has signed a joint venture agreement of with the CLS Logistics di Addis Abeba, society that collaborates with the French group from 11 years. The understanding previews the investment of 15 million euros for the realization of a hub logistic.

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