Ethiopia to take stake in Somaliland port

[ March 1, 2018   //   ]

Ethiopia will become a shareholder of the Port of Berbera in Somaliland following an agreement with DP World and the Somaliland Port Authority. DP World will hold a 51% stake in the project, Somaliland 30% and Ethiopia the remaining 19%. The government of Ethiopia will also invest in infrastructure to develop the Berbera Corridor as a trade gateway for the country. There are also plans to construct an additional berth at Berbera, in line with the Berbera master plan, which DP World has already started implementing. The first cranes are scheduled to arrive later this year.

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