Djibouti has inked with a Kuwaiti based firm for the construction of 98 million USD road link which will enable Ethiopia to ship its potash output. According to Aboubaker Omar Hadi, the chairman of Djibouti’s ports authority, the Kuwaiti firm was constructing 128 kilometers road that connects the port with the Ethiopia’s border. Ethiopia on the other hand intended to provide an 11 kilometer stretch on its side, he furthered. According to Hadi Djibouti is going to charge potash exporters around 7.50 USD per metric ton handled by the new port. Ethiopia plans to export an annual 74,000 tons of the mineral by 2019, according to the nation’s five year plan it dubbed Growth and Transformation Plan (GTP).

Source: Ethiopian News July 21, 2017 13:30 UTC