logo Tigrai Online

Ethiopia to invest directly in the Port of Djibouti

Tigrai Online, May 1, 2018

Ethiopian Prime Minister Dr. Abiy Ahmed visiting Djibouti


According to Reuters news agency Ethiopia and Djibouti has agreed for Ethiopia to have a stake in the Port of Djibouti. The deal was signed when the new Ethiopian Prime Minister Dr. Abiy Ahmed visited Djibouti last week. Djibouti also will have access to directly invest in Ethiopian government owned businesses and firms.

Ethiopia uses the port of Djibouti for 90% of its import and export needs. Djibouti on the other hand makes about two billion dollars a year which amounts to about 80% of Djibouti’s national income. On top of this Ethiopia supplies electric power, water, food and other daily consumer goods to Djibouti.


The report didn’t disclose the Ethiopian share in the Port of Djibouti, but the two countries agreed to develop joint facilities.

Not long ago Ethiopia has obtained 19% share in the Port of Berbera in Somaliland. As the Ethiopian economy continues to grow the need for stable port accesses is becoming extremely important.

A few months ago Djibouti terminated a deal with DP World which is owned by Dubai. Djibouti was looking for investor to replace DP World.

Year after year Ethiopia and Djibouti’s economic integration is becoming reality.

Ethiopia to invest directly in the Port of Djibouti

Read More



Ethiopian Airlines Wins 2018 Africas Outstanding Food Services Award

Can we reduce the problems in Ethiopia to mere lack of effective democratic political economic arenas?

Donald Yamamoto wrapped up his visit to Ethiopia, pledges to boost economic and security ties with Ethiopia

Mekelle City Admin Has a Duty to Change Its anti Business and Employment Regulation

U.S. Deputy Assistant Secretary for African Affairs Ambassador Donald Y. Yamamoto to visit Horn of Africa

New Ethiopian Prime Minister, Dr. Abiy Ahmed continues his tour of Ethiopia

The new Prime Minister of Ethiopia Dr. Abiy Ahmed visits Tigrai State

His Excellency Senator James M. Inhofe, Mike Rounds Statement on H.Res. 128

HR 128 more about controlling Ethiopia than human rights and democracy

Switching a Prime Minister and expectations of change in Ethiopia

Knowing the process how Dr Abiy is becoming a Prime Minister of Ethiopia

EPRDF Council elects Dr. Abiy Ahmed as its Chairman

Who will be the next Ethiopian Prime Minister?

The World Bank today approved $600 million in grants and loans for Ethiopia

Opportunities for Tigari state in Post-Esayass Eritrea

Ethiopia should invest on its defense sector to protect its peopley

Russian Foreign Minister Sergey Lavrov said Russia will help Ethiopia with its nuclear energy

Is there the menace of state capturing move in the current Ethiopian politics?

The rule of law is sacrosanct government should assume full responsibility

The World Bank today approved a $375 million International Development Association credit to support Ethiopia

Rex Tillerson and Sergei Lavrov to visit Ethiopia in the first week of March

The emergence of paramount chiefs in Ethiopian politics

Changing a prime minister would not solve the complex political crisis in Ethiopia

Ethiopian Airline becomes first a350 full-flight simulator operator in Africa

Mr. US Ambassador, please stop poking your nose into Ethiopian internal affairs