Business

Ethiopia stripped its 19% stake at Berbera Port

By: Addis Insight

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Following Ethiopia’s failure to meet Somaliland government’s request it lost its 19% stake in the port of Berbera.

According to the Somaliland Ministry of Finance, the Ethiopian government has been stripped of its ownership for failing to meet its ownership requirements on time.

According to the Minister, one of the preconditions was fund contribution in which Ethiopia fails to do so.

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