Ethiopia Acquires 19% Stake in DP World Berbera Port

Ethiopia will become a shareholder of the Port of Berbera following the recent signing of an agreement with DP World and the Somaliland Port Authority in Dubai. According to the agreement, 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. There are als

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