Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
Global port operator DP World said Thursday its profits rose by 7 percent to nearly $1.2 billion in 2017 as the company expands internationally, including in East Africa where a legal row has erupted after Djibouti last month seized a container terminal run by the company.Ethiopia recently became a 19 percent shareholder in Somaliland's Berbera port, where DP World holds a 51-percent stake.Djibouti's port alone provides Ethiopia, a country of 110 million people and the largest economy in the Horn of Africa, with more than 95 percent of Ethiopia's imports.DP World Chairman Sultan Ahmed Bin Sulayem told reporters Thursday that Djibouti's port is reaching capacity and that Ethiopia's government was "nervous" about having only one main avenue to receive imports.
FOLLOW THIS ARTICLE