If Ethiopia takes its share, Somaliland will hold 30 percent of the company, while DP World will have 51 percent, according to Shire. DP World, which operates 78 terminals in 40 countries, announced it would hold 65 percent in the venture in September. Somaliland is planning a 260-kilometer (162-mile) road from Berbera port to the Ethiopian border, according to Shire. military base in the Berbera area will “add value on the security side” to the use of Berbera port, Shire said. DP World isn’t involved “in any way” with the base, “which is a matter for both governments,” Vertigans said.

Source: Ethiopian News June 09, 2017 04:27 UTC