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Saalax

Ethiopia takes 19% share in Berbera port for free

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Saalax   

April 3, 2017

 

Testing the waters: Somaliland dives into the international arena

 

 

"Foreign Minister Shire denied that Ethiopia had

any concerns over the UAE deals. He added that Ethiopia

recently has been brought on board in the port deal, and

will have a 19% stake in the port itself, taking 5% of the total

from Somaliland’s originally agreed-upon shares, and 14%

of the total from DPWorld. That leaves DPWorld with a

majority stake of 51% and Somaliland with just 30%,

compared to 35% in the original agreement. Shire said

this change to the deal was done for purely economic

reasons."

 

 

https://messengerafrica.com/2017/04/03/testing-the-waters-somaliland-dives-into-the-international-arena/

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