French company Bollore Africa Logistics will invest US$677mn in the Somaliland port of Berbera, a lifeline for the landlocked Ethiopia
Bollore will invest in Berbera port to improve the port and create a new corridor to the hinterland. (Image source: sxc.hu)
Berbera, less than 300km east of the former French colony of Djibouti, faces Yemen on the Gulf of Aden and is the economic capital of Somaliland.
A French diplomat based in Addis Ababa told news web portal Somalilandglobe.com, “Bollore is about to invest US$677mn in Berbera port to improve the port and create a new corridor to the hinterland. Ethiopia is very excited about this development.
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The project is not completely finalised, but Bollore has a huge presence in West Africa and is interested in East Africa.”
The company is part of a group owned by Vincent Bollore, a leader in West Africa’s ports sector.
Sources, Africareview
