Dubai's state-owned DP World said on Thursday the Ethiopian government had taken a 19 percent stake in Somaliland's Port of Berbera. The port operator said it would retain a 51 percent stake in the port and that Somaliland would retain 30 percent. DP World took a 65 percent stake in the port in 2016 as part of a joint venture with the government of Somaliland under a 30-year concession. It also provides some transport links for neighbouring Ethiopia, a landlocked country that has friendly relations with the breakaway region. The port operator has called the move an illegal seizure.

Source: Ethiopian News March 01, 2018 18:11 UTC