Ethiopia stripped its 19% stake at Berbera Port

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Ethiopia has lost its 19% share at Berbera Port in Somaliland due to its failure to pay financial contribution for the construction of the port.

Paying contribution is among the precondition set by Somaliland’s government.

Ministry of Finance Development of Republic of Somaliland announced that the Ethiopian government has been stripped of its ownership for failing to meet its ownership requirements on time.

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