• About Us
  • Archives
  • SWG Registration
Samrack Media
Mahiga Homes
  • Home
  • ALL NEWS
  • Diaspora
  • Africa
    • AFRICA
    • KENYA
  • BUSINESS
    • BUSINESS
    • INVESTMENTS
    • REAL ESTATE
    • TECHNOLOGY
  • Politics
  • Health
    • HEALTH
    • EDUCATION
  • Religion
  • People
    • PEOPLE
    • LIFESTYLE
    • RELATIONSHIPS
  • Obituaries
  • Videos
  • Events
No Result
View All Result
  • Home
  • ALL NEWS
  • Diaspora
  • Africa
    • AFRICA
    • KENYA
  • BUSINESS
    • BUSINESS
    • INVESTMENTS
    • REAL ESTATE
    • TECHNOLOGY
  • Politics
  • Health
    • HEALTH
    • EDUCATION
  • Religion
  • People
    • PEOPLE
    • LIFESTYLE
    • RELATIONSHIPS
  • Obituaries
  • Videos
  • Events
No Result
View All Result
Samrack Media
No Result
View All Result

Somalia, Ethiopia to jointly invest in four seaports on the Red Sea

samrack by samrack
June 18, 2018
in Africa, Business, Diaspora, Kenya, Kenya Diaspora News, News, Politics, U.S Diaspora
A A
0
Somalia, Ethiopia to jointly invest in four seaports on the Red Sea
Share this
FacebookTwitterPinterestEmailWhatsAppLinkedIn

Somalia, Ethiopia to jointly invest in four seaports on the Red Sea

Somalia and Ethiopia announced they were jointly investing in four seaports to attract foreign investment to their two countries, the latest move in a tussle for access to ports along one of the world’s most strategic waterways.

After Somalia’s president Mohamed Abdullahi Farmaajo hosted Ethiopia’s prime minister Abiy Ahmed for a meeting at the presidential palace in Mogadishu, the two leaders issued a joint statement of pledges to cooperate on everything from the development of infrastructure including roads linking the two countries to expanding visa services to promote cultural exchanges.

The leaders further agreed to invest in logistics and service provision specially to leading ports in the continent that can serve both the Indian ocean and the Red Sea.

Ethiopia’s thirst for access to the sea

The Horn of Africa’s Red Sea coastline extending north of Somalia through Djibouti and Eritrea toward the critical Suez Canal is already dotted with ports owned or run by countries locked in a regional struggle: the United Arab Emirates and its ally Saudi Arabia on one side, and Turkey which backs Qatar on the other.

In March, Ethiopia bought 19 per cent of the stake, meaning Somaliland would retain 30 per cent.

But President Farmajo’s administration did not like being left out.

With Ethiopia accessing the sea and importing 95 per cent of supplies through the Port of Djibouti, the latest move by Premier Ahmed could be seen as a way of securing and widening access to the ports.

On Saturday, the leaders vowed to respect each other’s sovereignty, perhaps in reference to the controversy that erupted in March.

“The two leaders unequivocally stated their mutual respect for the sovereignty, territorial integrity, political independence and the unity of both nations and called upon all Somali actors to relentlessly work towards the unity and cohesiveness of Somalia,” they said.

 

Tags: Ethiopia to jointly invest in four seaports on the Red SeaSomalia
Previous Post

Kenya Considers Taking Up Chinese Yuan as a Reserve Currency

Next Post

Photo of Makueni Governor Prof Kivutha Kibwana Carrying Child on His Back Goes Viral Online

Related Posts

USCIS Says Individuals on Business or Tourist Visas Can Apply for New Jobs
Diaspora

USCIS Says Individuals on Business or Tourist Visas Can Apply for New Jobs

March 24, 2023
US-Based Kenyan Author Dies After Falling from an Apartment’s Fourth Floor

US-Based Kenyan Author Dies After Falling from an Apartment’s Fourth Floor

March 24, 2023
Kenyan Woman Linda Obinchu Found Dead in Gaithersburg Maryland
Diaspora

Kenyan Woman Linda Obinchu Found Dead in Gaithersburg Maryland

March 24, 2023
Donations Ongoing for IRVO OTIENO whose life was cut short was cut short in the hands of 7 Police Deputies near Richmond, VA
Diaspora

Donations Ongoing for IRVO OTIENO whose life was cut short was cut short in the hands of 7 Police Deputies near Richmond, VA

March 24, 2023
A Lake Elsinore couple were out celebrating a birthday when they were killed in a wrong-way crash. Loved ones are now raising money for the couple's three children.
Diaspora

GoFundMe fundraiser:Donate to help the Mbatha children and family

March 23, 2023
Daughter of the Late Kenyan Journalist Philip Ochieng Found Dead in Dallas, Texas

Daughter of the Late Kenyan Journalist Philip Ochieng Found Dead in Dallas, Texas

March 22, 2023
Next Post
Photo of Makueni Governor Prof Kivutha Kibwana Carrying Child on His Back Goes Viral Online

Photo of Makueni Governor Prof Kivutha Kibwana Carrying Child on His Back Goes Viral Online

Please login to join discussion
ADVERTISEMENT
ADVERTISEMENT
Royal Gardens Ngong Royal Gardens Ngong Royal Gardens Ngong
ADVERTISEMENT
KIBS VILLA HOMES:(ABNB) Relax into Luxury: Monthly ABNB rates are negotiable Call:508-479-1517 / 254714428680 KIBS VILLA HOMES:(ABNB) Relax into Luxury: Monthly ABNB rates are negotiable Call:508-479-1517 / 254714428680 KIBS VILLA HOMES:(ABNB) Relax into Luxury: Monthly ABNB rates are negotiable Call:508-479-1517 / 254714428680
ADVERTISEMENT

Latest News

USCIS Says Individuals on Business or Tourist Visas Can Apply for New Jobs

US-Based Kenyan Author Dies After Falling from an Apartment’s Fourth Floor

Kenyan Woman Linda Obinchu Found Dead in Gaithersburg Maryland

Donations Ongoing for IRVO OTIENO whose life was cut short was cut short in the hands of 7 Police Deputies near Richmond, VA

GoFundMe fundraiser:Donate to help the Mbatha children and family

Daughter of the Late Kenyan Journalist Philip Ochieng Found Dead in Dallas, Texas

US-Based Kenyan Couple Brutally Murdered in Their Home in Nyamira

Kenyan Couple Dies in a Fatal Road Crash in California

Raila Odinga’s secret cards for mass action

I will not allow you to terrorise Kenyans, Ruto tells Raila

We are grateful for your monthly or one-off donations To Samrack Media: Cash App No: 781-888-8770 $SAMRACK001

Money

New Digital Skills Helps Unemployed Kenyan Youth Earn In Cryptocurrency

New Digital Skills Helps Unemployed Kenyan Youth Earn In Cryptocurrency

by samrack
November 19, 2021
0

New Digital Skills Helps Unemployed Kenyan Youth Earn In Cryptocurrency This week sees the launch of a new initiative to equip...

A simple guide to Government Bonds investing in Kenya

A simple guide to Government Bonds investing in Kenya

by samrack
September 17, 2021
0

A simple guide to Government Bonds investing in Kenya A treasury bond (T-bond) is a medium term to long term...

Politics

Kisumu residents stage protests over high cost of living in Kisumu on March 10. Image: DANIEL OGENDO

[PHOTOS] Dramatic scenes during Kisumu demonstrations

by samrack
March 10, 2023
0

Dramatic scenes during Kisumu demonstrations The protesters are seen negotiating with police to allow them to demonstrate. They held...

Azimio leaders at Migori rally on Friday, March 10, 2023 Image: JAMES ORENGO/TWITTER

Raila names Safaricom among companies listed for boycott

by samrack
March 10, 2023
0

Raila names Safaricom among companies listed for boycott He said his call for mass action and demonstrations which will culminate...

  • About Us
  • Archives
  • SWG Registration

© 2023 SAMRACK - Diaspora News & Updates; design by: Samrack.

No Result
View All Result
  • Home
  • ALL NEWS
  • Diaspora
  • Africa
    • AFRICA
    • KENYA
  • BUSINESS
    • BUSINESS
    • INVESTMENTS
    • REAL ESTATE
    • TECHNOLOGY
  • Politics
  • Health
    • HEALTH
    • EDUCATION
  • Religion
  • People
    • PEOPLE
    • LIFESTYLE
    • RELATIONSHIPS
  • Obituaries
  • Videos
  • Events

© 2023 SAMRACK - Diaspora News & Updates; design by: Samrack.

Page generated in 1.074 seconds. Stats plugin by www.blog.ca