Government becomes strategic shareholder, investing in Berbera trade corridor infrastructure
Dubai, United Arab Emirates, 1 March 2018: Ethiopia will become a shareholder of the Port of Berbera following the signing of an agreement with DP World and the Somaliland Port Authority in Dubai today.
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 inland country, which is one of the fastest growing countries in the world. Continue reading “Somaliland: Ethiopia Acquires 19% Stake in DP World Berbera Port”