The government of Somalia has rejected the agreement signed between Ethiopia, Somaliland and United Arab Emirates (UAE) logistics company DP World. CONFIRMED: The Somali govt has rejected yesterday’s agreement signed between UAE’s DP World, Somaliland and Ethiopia, and declared it “null and void”. According to the agreement, DP World is the major shareholder with 51% while Somaliland takes the remaining 30%. The port of Berbera is located in Somaliland which is internationally recognised as an autonomous state of Somalia. Ethiopia acquires 19% in Berbera Port becoming a strategic shareholder; UAE’s DP World has 51% while Somaliland gets 30% following agreement signed.

Source: Ethiopian News March 04, 2018 16:52 UTC