Ethiopia Eyes Role in DP World-Managed Port in Somaliland

Ethiopia Eyes Role in DP World-Managed Port in Somaliland

ADDIS ABABA (Capital Markets in Africa) – Ethiopia is in talks to acquire shares in a joint venture involving DP World Ltd. that will manage a port in northern Somalia, a Somali official said, a move that could give the fast-growing yet landlocked Horn of Africa economy its first stake in foreign docks. Somaliland, a semi-autonomous territory that aspires to statehood, has agreed “in principle” to give Ethiopia a 19 percent share in the venture administering Berbera…

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