The government has a plan to provide services from one of the new inland ports to Somaliland’s Berbera Port. “When we faced congestion in Djibouti, we alternatively used Port Berbera and Port Sudan,” Mr. Roba said. “The plan is to expand these operations.”Forex shortageThe central bank doesn’t make Ethiopia’s foreign exchange reserves, its lifeline to the outside world, public. Yet, it needed $472.13 million more than allocated to fulfil its operating payments in July, the start of Ethiopia’s fiscal year. “A huge amount of our currency is with the Commercial Bank,” said Mr. Roba.

Source: Ethiopian News September 16, 2017 13:52 UTC