Aramex Expands Presence in Ethiopia
- To inaugurate new outlets across the country through a Master Franchise Agreement
- Part of an aggressive expansion strategy, effectively meeting domestic market needs
- Increased the number of African countries in which Aramex is present to 23
Dubai, UAE – 06th July 2017: Aramex (DFM: ARMX), the disruptive leader in the global logistics and transportation industry, announced today the expansion of its operations across Ethiopia through a Master Franchise Agreement with Logix Express PLC, to cater to the country’s rapidly growing needs for innovative logistics and last-mile delivery solutions. With this expansion, Aramex is now present in 23 African countries.
As part of its business expansion strategy, Aramex Ethiopia will be inaugurating five outlets in Addis Ababa by August 2017, which will increase the number of outlets in the city to ten. Outside the capital, the company currently operates two outlets in Dire Dawa and Hawassa and has plans to open five new outlets in Bahir Dar, Gondar, Jimma, Dessie, and Mekelle. Aramex Ethiopia also plans to further expand its operations by adding 15 new outlets by the end of 2017.
“As one of the world’s fastest growing economies, Ethiopia is an exciting market for Aramex, and we believe there is vast potential to expand our specialized logistics services throughout the country,” said Hussein Hachem, Chief Executive Officer of Aramex. “With the continued growing demand for logistics and transportations services in Ethiopia, we have already started planning for additional investments in technology infrastructure upgrades, and developing our local human talent to meet the needs of our customers throughout the region and globally.”
Dawit Woubshiet, Director of Logix Express PLC, said: “Ethiopia is a key market for us and we have witnessed an increase in the logistical needs throughout the region. The new facilities will complement our existing suite of services in Ethiopia, enabling us to expand our service offerings to effectively meet the domestic market needs. We also hope our expansion plans will help promote economic developments leading to better opportunities for all Ethiopians, and support efforts of the African Union to promote sustainable growth across the continent.”
As one of the most populous countries in Africa and business and trade on the rise, there is an increasing demand for express delivery services in Ethiopia. Furthermore, with the government’s active encouragement of the export sector, and the establishment of industrial zones, Aramex is strategically positioned to make the timely delivery of goods seamless. The company is capitalizing on these opportunities for growth through its Master Franchise Agreement, which will ultimately enhance its reach across the wider continent.
Aramex’s operations in Ethiopia include door-to-door delivery and pickup, customs clearing, freight forwarding, and e-services, including Shop & Ship and Drop & Ship.
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AAramex (DFM: ARMX) is the disruptive leader in the global logistics and transportation industry. Established in 1982 as an express operator, the company rapidly evolved into a global brand recognized for its customized services and innovative multi-product offering. Traded on the NASDAQ from 1997 to 2002, Aramex today is a publicly traded company on the Dubai Financial Market, employing more than 18,000 people in 567 locations across 69 countries and leads a strong alliance network providing global presence, and bringing together 40 independent express companies from around the world. The range of services offered by Aramex includes integrated logistics solutions, international and domestic express delivery, freight forwarding, secure records and information management solutions, and e-services, including e-business solutions and Shop and Ship.
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