berbera

Ethiopia to take stake in Somaliland port

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 ... [+]