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Abe Abraham
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Joined: 05 Jun 2013, 13:00

IMF: Djibouti's Port Investments May Haunt its Economy

Post by Abe Abraham » 09 Oct 2023, 02:12


https://maritime-executive.com/article/ ... -may-come-

Djibouti handles 95 percent of inbound and outbound trade from Ethiopia, raking in over $1.5 billion in port fees annually. However, there may be challenges ahead: the conflict in Ethiopia is already having negative impacts, with port activities on the decline. Meanwhile, neighboring jurisdictions - like Kenya and Somaliland - are investing in their own port infrastructure, which is bound to bring new competition to Djibouti’s doorstep.

Eritrea could do a lot of things by raking in over 1.5 billion dollars in port fees annually from Ethiopia.

Djibouti is clearly a good example for neighbouring countries in how to do business with peaceful and prosperous Ethiopia.