Addis Ababa, Ethiopia – The Ethiopia-Djibouti Railway has reported achieving profitability for the first time since its inception. The announcement was made by Takkele Uma, Chief Executive Officer of the Ethiopia-Djibouti Railway Transport Corporation, stating that the railway became financially viable in the last quarter of 2024.
According to Takkele, this development reflects the impact of the company’s three-year strategic plan aimed at enhancing operational efficiency and financial sustainability. “The railway has shown significant progress, and this milestone indicates that the long-term strategy is yielding results,” he said.
Takkele also acknowledged the contributions of both Ethiopian and Djiboutian stakeholders, as well as the employees who have played a role in the railway’s progress. “We appreciate the collaborative efforts that have contributed to this outcome,” he noted.
While highlighting the achievement, Takkele emphasized the ongoing efforts to strengthen the railway’s operations and ensure sustained profitability. He reiterated the commitment to improving service efficiency and maintaining financial stability to support regional trade and economic activity.
The Ethiopia-Djibouti Railway serves as a key transport corridor, linking Ethiopia to the port of Djibouti and facilitating trade activities. This financial milestone reflects its evolving role in the economic framework of both countries and its potential for further growth.
