How Somaliland, Ethiopia set to benefit from controversial port dealMOGADISHU, Somalia - Although it has caused ripples in the Horn of Africa, the recent treaty between Ethiopia and Somaliland was designed in a way that would strategically benefit both parties politically and economically, and perhaps change the politics of the region. With Somaliland set to be recognised, Ethiopia never publicly mentioned this fact which was acknowledged by Muse Bihi Abdi, the man behind the pen. In a viewpoint article published in October, Abdirashid Ibrahim, Director-General of the Ministry of Trade and Tourism of Somaliland, presented a thorough analysis of the potential benefits of Berbera Port to Ethiopia's economy. Ibrahim also highlighted the potential establishment of a Special Economic Zone (SEZ) near Berbera Port to attract investments in manufacturing and processing sectors, leveraging the port's logistical advantages. Although Somalia has recalled the ambassador following the incident for "consultation", Ethiopia has remained reasonably mum but it has confirmed the deal.

Source: Ethiopian News January 03, 2024 17:31 UTC