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DHL Global Forwarding, the leading international provider of air, sea and road freight services, and Ethiopian Airlines, the largest aviation group in Africa, today signed a new agreement to form a joint venture – DHL- Ethiopian Airlines Logistics Services Ltd.
This partnership aims to build the joint venture of Leading Cargo Logistics in Africa. The company will be based in Ethiopia and will do business all over the African continent, improving the logistical infrastructure and connections of Ethiopia.
Ethiopian Airlines, which badumes a majority stake in this joint venture, will provide regulatory and operational support as DHL Global Forwarding establishes air, sea and road freight links between major shopping centers in Ethiopia and the rest of the country. world.
Pramod Bagalwadi, a DHL veteran with more than two decades of experience in management roles in the logistics industry, has been appointed to lead the new organization. This will be an additional portfolio for Pramod, which currently leads DHL's industrial projects team in sub-Saharan Africa and a strategic partner for the company in the region.
"With the growth of its GDP, Africa is coming to the fore as a production center, and recent efforts to open up the economy will continue to strengthen the country's position. Africa's most dynamic economy and, under Pramod's leadership, the company will be able to provide a scalable and sustainable logistics infrastructure to meet the sensitive needs of its industries, "said Amadou Diallo , CEO of DHL Global Forwarding Middle East and Africa.
"Logistics is essential to support the rapid economic growth and industrialization of Africa." Ethiopian is therefore badociated with DHL, who has proven expertise and experience in the logistics industry, in order to benefit from the right logistics solutions in terms of cost, time and quality.We have a long-standing partnership and mutually enriching with DHL, and with this JV head, we want to make the country a logistics hub for Africa, "said Tewolde GebreMariam, CEO of Ethiopian Airlines Group
Joint Venture formed by long-standing partners. leveraging growth
The joint venture is a new step in an expanded partnership between DHL Global Forwarding and Ethiopian Airlines. Since 2010, DHL Global Forwarding has been supporting the maintenance, repair and overhaul (MRO) operations of the Ethiopian Airlines commercial segment, developing various end-to-end logistics service solutions for aircraft parts, engines and mechanical modules to textiles and utensils. The joint venture will provide Africa with a much needed transport and freight transport infrastructure, where economic growth has rapidly increased the demand for international shipping and handling services.
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