The Ethio-Djibouti Railway Share Company (EDR) has reported a significant annual growth of close to 40% in its capacity for cargo and passenger transportation.
The company's CEO, Abdi Zenebe, said the rail service from Addis Abeba to the Port of Djibouti had reached its transport capacity of exceeding two million tons of cargo per annum from the existing 20 stations along the route.
He also mentioned plans to double the capacity of the rail service to four million tons, in addition to efforts to strengthen regional connectivity and stabilise the country's economy.
The National Bank of Ethiopia is working to address foreign exchange challenges resulting from the rapid growth.
The railway, which is a joint venture between Ethiopia and Djibouti, forms part of China's Belt and Road Initiative.
