How Ethiopia and Somaliland Red Sea Access Deal May Hamper Trade in Kenya - News Summed Up

How Ethiopia and Somaliland Red Sea Access Deal May Hamper Trade in Kenya


Based on its development blueprint, the LAPPSET project was conceptualised to bolster trade between countries within Eastern Africa. Ethiopia's ability to access the sea port might culminate in Kenya's revenues dipping. Additionally, despite the possible reduction in trade volumes from Ethiopia, the move between Somaliland and Ethiopia may cause a diplomatic row in Eastern Africa as Somaliland is not recognised as an independent country. In signing the MoU, Ethiopia has become the first nation to recognise Somaliland as an independent nation. However, in an emergency cabinet meeting held on Tuesday Somalia declared that the agreement is null and void and that Ethiopia is not allowed to access the Red Sea Port from Somalia.


Source: Daily Nation January 02, 2024 16:30 UTC



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