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  • Patrick Gerenthon (left), Bolloré and Teodros Abraham, CLS Logistics signing the MoU. Photo: Bolloré

15.03.2019

Daily
Artikel Nummer: 26854

Bolloré and CLS Logistics sign MOU in Ethiopia


A memorandum of understanding (MoU) covering the creation of a joint venture has been signed by Bolloré Transport & Logistics and CLS Logistics, its partner for over eleven years. The pact was inked in Addis Ababa in the presence of Jean-Yves Le Drian, the French minister for Europe and foreign affairs.

 

Already supplying transit and logistics services in Ethiopia, Bolloré Transport & Logistics and CLS aim to offer customers dedicated services that meet the highest international standards. On a broader front, the partners want to improve the supply chain of Ethiopia’s strategic sectors such as textiles, coffee, industrial projects and infrastructure. The country has already partially opened its logistics sector.

 

As part of the MoU, the joint venture plans to invest EUR 15 million EUR in the construction of a new logistics hub encompassing 12'000 sqm of multi-use warehouses. (mw)

www.clslogistics.com

www.bollore-logistics.com

 

 

 

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