The tripartite agreements over Berbera port were declared “null and void” by Somalia. Ethiopia holds 19 per cent of the Berbera port, in an agreement with Somaliland’s Port Authority and UAE Company DP World. DP World remains the major share owner; with a 51 per cent stake, while Somaliland holds 30 per cent. The Ethiopian government will invest in infrastructural development for the Berbera port. Back in 2016, Somaliland’s parliament officially approved a partnership deal with DP World, allowing the largest port operator to invest some $422 to regenerate Berbera port.

Source: Ethiopian News March 05, 2018 14:37 UTC