Thursday 1 March 2018

Ethiopia buys stake in Dubai-managed Somaliland port | Arab News

Ethiopia buys stake in Dubai-managed Somaliland port | Arab News:

"Ethiopia acquired a stake in a port in the breakaway state of Somaliland, its operator DP World said, as a legal dispute rages over another major Horn of Africa shipping hub. Dubai-based DP World last week accused Djibouti of illegally seizing a port that is the main transit route to landlocked Ethiopia, the second most populous African nation. More than 90 percent of Ethiopia’s trade passes through Djibouti, located on the Bab Al-Mandab strait, the key shipping lane to Europe from the Gulf and Asia beyond."



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