But there are huge untapped sectors of our economy that remain open for international investors such as logistics, fisheries, agriculture and infrastructure, particularly renewable energy, roads, railways, airports and hospitals. The history and opportunities Berbera port city offers are well documented since the coming of European explorers in the late 1890s. In turn, this will encourage foreign investors in Somaliland as their investments, assets, and the government will protect interests. There is also the $100 million road corridor connecting Berbera with Ethiopia and the expansion of Berbera International Airport. Further, Swiss commodities trader Trafigura, one of the world’s largest, signed a contract to supply hydrocarbons and upgrade the Berbera port.

Source: The Star December 13, 2020 07:05 UTC