DHL Global Forwarding form Joint Venture Company with Ethiopian Airlines
One of the global leaders in providing air, sea and road freight services, DHL Global Forwarding recently signed a new agreement to form a joint venture company with the largest aviation group in Africa, Ethiopian Airlines.
The new venture named DHL-Ethiopian Airlines Logistics Services Ltd. aims to create the Leading Cargo Logistics provider JV company on the African continent. The company will be headquartered in Ethiopia and will operate across the whole of Africa, in turn improving and enhancing Ethiopia’s logistics connections and infrastructure.
Ethiopian Airlines will retain a majority stake in the joint venture and will provide operational and regulatory support to DHL, as they establish establishes air, ocean, and road freight connections between Ethiopia’s main trade hubs and the rest of the world.
Appointed to lead the new organization is Pramod Bagalwadi a veteran of DHL with over 20-years’ experience in several management roles throughout the logistics industry.
DHL Global Forwarding Middle East and Africa CEO, Amadou Diallo said, “With its GDP growth, Africa is stepping into the spotlight as a production hub. Recent moves to open up the economy will continue to boost Ethiopia’s position as the fastest-growing economy in Africa, and under Pramod’s leadership, the company will be able to provide a scalable and durable logistics infrastructure to safely handle the sensitive needs of its core industries.”
Ethiopian Airlines Group CEO, Tewolde Gebre Mariam had this to say about the new joint venture, “Logistics is key to support Africa’s fast economic growth and industrialization drive. Ethiopian has, therefore, partnered with DHL who has a proven expertise and experience in the logistics sector, with a view to avail the right logistics solutions in terms of cost, time and quality. We have had a longstanding and mutually rewarding partnership with DHL, and with this JV we aim to make the country a logistics hub for Africa.”
Rising economic growth has quickly driven up demand for international forwarding and handling services, this new joint venture will provide much-needed freight capacity and logistics infrastructure to Africa.