DP World to invest $1bn in Ethiopian trade corridor to Somaliland’s Berbera Port
Dubai ports giant DP World and Ethiopia’s Ministry of Transport have agreed a $1bn deal to create a trade and logistics corridor from Ethiopia to Berbera in Somaliland.
The corridor will be based on the 250km motorway between Berbera and the Ethiopian border town of Wajaale that got under way in 2019 (see further reading).
The memorandum of understanding was signed in Addis Ababa on Thursday by Dagmawit Moges, Ethiopia’s minister of transport, and Sultan Ahmed Bin Sulayem, chief executive of DP World.
DP World and its partners plan to invest up to $1bn over the 10 years in a range of projects on Ethiopian territory that are intended to maximise the value of the highway by adding “end-to-end logistics services”. These will include dry ports, silos, warehouses, container yards, refrigerated depots, freight forwarding and clearing activities.
After initially training and practicing in clinical medicine (at Bristol University, and also including a BSc in Global Health from UCL), I completed my Masters in Public Health at Harvard School of Public Health as a Kennedy Scholar.
From there, I joined the UK Department for International Development (DFID - now the Foreign, Commonwealth and Development Office) as a Health/Nutrition Adviser, in a series of roles working in Pakistan, Yemen, Whitehall and then leading the UKaid human development programme in Zambia. I subsequently joined the Children s Investment Fund Foundation in London as a Senior Fellow to lead development of their Early Childhood Development strategy and programming and supporting work to build linkages between global health and climate portfolios.
capital Newspaper
One of the leading global logistic solution providers gets to Ethiopia to develop the Ethiopian side of the road linking Ethiopia to Berbera into one of the major trade and logistics corridors of the Country’s international trade routes.
On May 6, 2021, the Ministry of Transport signed the first Memorandum of Understanding (MoU) on the logistic service with DP world to determine the potentials for developing logistics infrastructure and the provision of end to end logistics services along the corridor to unlock major economic benefits for Ethiopia. Dagmawit Moges, Ethiopia’s Minister of Transport, and Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World have signed the agreement.
ISLAMIC RELIEF WORLDWIDE ANNOUNCES WASEEM AHMAD AS NEW CHIEF EXECUTIVE OFFICER
Waseem Ahmad has been appointed as the new CEO of Islamic Relief Worldwide (IRW). Waseem is currently the Director of IRW’s International Programmes Division, managing the design and delivery of the organisation’s global humanitarian and development work. Last year this work provided vital support to 9.5 million people in more than 40 countries – including life-saving aid for people affected by humanitarian crises; transformative water and education programmes; innovative projects helping communities cope with the devastating effects of climate change; and responding to the global Covid-19 pandemic.
Waseem has been part of the Islamic Relief family for 15 years, having first joined as a Programme Officer in the Balochistan region of Pakistan. He has also served as Head of Programme Funding and Partnerships, a role that involved strengthening relationships with major institution