Ethiopia losses its 19 percent share on Berbera Port as it fails to meet conditions set by the goverment of Somaliland for the ownership.

According to the Ministry of Finance of Somaliland, in 2016 government of Somaliland offered Ethiopian government to take 19 percent of ownership on the port with

conditions the Ethiopia government needs to fulfill a requirement but the government didn’t act on time and the offer has expired.
As the minister indicated one of the conditions was financial contribution of the construction of the port, which Ethiopia failed to do so. The entire construction of the port is financed by DP world.

In May 2016, DP World signed a US$442 million agreement with the government of Somaliland to operate a regional trade and logistics hub at the Port of Berbera.

On 1 March 2018, Ethiopia become a major shareholder following an agreement with DP World and the Somaliland Port Authority. DP World holds a 51% stake in the project, Somaliland 30% and CDC Group the remaining 19%.
Currently the government of Somaliland has 65 percent share while DP world has 35 percent.


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