DHL Global Forwarding misses profit expectations, despite strong Q4
DHL Global Forwarding this week revealed that last year’s performance by the division had been ...
Photo: Ktree
By Alex Lennane
DHL Global Forwarding (DGF) claims to have become the first multinational forwarder to establish a presence in Ethiopia, following a joint venture agreement with Ethiopian Airlines.
The move marks what could be the start of increasing foreign investment in the country after attempts to reform the economy by the new prime minster.
Yesterday, the two companies agreed to set up DHL-Ethiopia Airlines Logistics Services, to be based in Ethiopia, but serve the whole continent.
The airline will take a majority stake and provide local knowledge in the ...
Comment on this article