euronews 16 June 2018 Somalia and Ethiopia announced they were jointly investing in four seaports to attract foreign investment to their two countries, the latest move in a tussle for access to ports along one of the world’s most strategic waterways. After Somalia’s president Mohamed Abdullahi Farmaajo hosted Ethiopia’s prime minister Abiy Ahmed for a meeting at...
Tag Archives: horn of africa
OZY 5 June 2018 Hong Kong–based American business developer Robby Zirkelbach has set up small firms in South Sudan, Iran and North Korea. But Somalia was too risky even for the former U.S. Marine sniper with a stomach for adventurous investments, until he stumbled upon the country’s north, the self-declared Republic of Somaliland. There, he sees promise in a land shattered...
The Wall Street Journal 1 June 2018 BERBERA, Somaliland—The battle for hegemony in the Middle East is playing out at an ancient African port where traditional dhow fishing boats now share space with giant container ships loaded around the clock by men in yellow high-visibility vests. Berbera, in the breakaway republic of Somaliland, is perched on a narrow shipping lane...
Port Strategy 22nd May 2018 Potential investors in Djibouti and the Horn of Africa are being warned that corruption, debt and poor governance pose significant investment risk factors. Last month Ethiopia reached a deal to take a share in the Port of Djibouti following the Djibouti government’s seizure of Doraleh Container Terminal (DCT) from DP World in February, however,...
Arab News 23rd May 2018 As strife-torn Yemen marks its unity day, thousands of Yemeni refugees in neighboring Djibouti say they have little to cheer about Perched strategically on the Horn of Africa, Djibouti is the only country in the world to welcome refugees from Yemen DUBAI: Yemen this week celebrated its national unification day, marking 28 years since the...
Business Ghana 23 May 2018 20,000 people were affected by flooding in Djibouti, more than 10,000 people were displaced in Somaliland, and homes and fishing boats were destroyed in Puntland. “This cyclone left a trail of destruction when it hit Puntland and Somaliland. The storm then continued to Djibouti, where it caused major flooding, not least in Djibouti city....
