According to Somaliland standard. The government of Ethiopia eventually halted the plan of Berbera port development this week. The report comes after completing a formal process of acquiring land in Sudan to develop its own port. Specifically, sources report that Ethiopian Finance minister said,
Mr Ahmed Shide an announced visit to Hargeisa, Somaliland capital and was rumored to have informed Ethiopia’s suspension of its 19 % stake of the development of Berbera port.
Shipping to Dubai Ports World, and Somaliland authority granted Ethiopia 19 percent stake in the Berbera port development project in April last year. The halting of Ethiopians plans to be part of developing the port of Berbera will be a huge blow to the government of Somaliland and is expected to reduce the use of the port by Ethiopians imports and exports. Somaliland authority has not so far commented on the halting of Ethiopia’s plans.