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Ethiopia, DP World UAE Sign MoU to Develop Berbera Corridor - Vimarsana News

Ethiopia, DP World UAE Sign MoU to Develop Berbera Corridor

Ethiopia, DP World UAE Sign MoU to Develop Berbera Corridor Ethiopian Ministry of Transport signed a memorandum of understanding (MoU) with DP World UAE, a maritime gateway and hub, for the development of the Berbera Corridor. The singing of the MoU is consecutive to the Ethiopian Transport Investment Summit 2021, Ethiopian Minister of Transport Dagmawit Moges said in a tweet. "Ethiopia aims to diversify its port access facilities and services to improve its trade corridor access routes," Ms. Dagmawit noted. Consequently, the Berbera Corridor "will have [the] potential to make Ethiopia a fron...

DP World and Govt of Ethiopia sign MoU - Vimarsana News

DP World and Govt of Ethiopia sign MoU

Story Dagmawit Moges, Ethiopia's Minister of Transport, and Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World at the signing ceremony. DP World and Govt of Ethiopia sign MoU Addis Ababa /Dubai, 21 days ago DP World, a leading global provider of end to end logistics solutions, and the Ministry of Transport of Ethiopia, have signed a Memorandum of Understanding (MoU) with the aim of developing 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.   The MoU, which was sig...

Dubai's DP World and Ethiopia strike $1bn deal to develop trade and logistics corridor - Vimarsana News

Dubai's DP World and Ethiopia strike $1bn deal to develop trade and logistics corridor

SHARE Dubai-based ports operator DP World and Ethiopia’s Ministry of Transport signed an agreement to develop the road linking Ethiopia to Berbera in Somaliland into a trade and logistics corridor. DP World and its partners plan to invest up to $1 billion over the next 10 years to develop supply chain infrastructure along the corridor, the company said in a statement on Thursday. This will include dry ports, silos, warehouses, container yards, cool and cold chain depots, freight forwarding and clearing activities, the company said. The agreement was signed in Addis Ababa on Thursday by Dagm...

Boost for Somaliland-Ethiopia trade as Berbera Corridor project takes off - Vimarsana News

Boost for Somaliland-Ethiopia trade as Berbera Corridor project takes off

GOOBJOOG NEWS|HARGEISA: The UK and Somaliland governments Tuesday jointly launched the 22 kilometre Hargeisa by-pass which is part of the 240 km Berbera Corridor that is set to boost trade between the break-away region and Ethiopia in addition to fostering Somaliland’s quest to become a key trade hub in the region. President Muse Bihi and UK ambassador to Somalia Kate Foster flagged off the 22.5 km road construction project which is expected to ultimately link the Berbera Port to Ethiopia terminating at the border town of Togochale. According to a statement from the British embassy in Moga...

Focus should now be on recovery, building resilience for job creation - Vimarsana News

Focus should now be on recovery, building resilience for job creation

Daily Monitor Friday March 12 2021 Summary Covid-19 is daunting, complex, and ubiquitous. It is not just a public health matter; but also affects progress in the fight against poverty in Africa, due to its direct impact on jobs and economic performance. Advertisement We are living in times of great uncertainty, fuelled by the onset of Covid-19. Despite this, we have maintained our focus on supporting trade and building prosperity, creating jobs, and reducing poverty in eastern Africa. Covid-19 is daunting, complex, and ubiquitous. It is not just a public health matter; but also affects progre...