Breaking News: $700 Million Port Agreement Somaliland

[Boodh iyo Torre]

Bolloré May Sign $700 Million Port Agreement With Somaliland

Thursday, 24 December 2009
Bolloré Africa Logistics, a unit of Bollore SA, may sign an agreement to manage the port of Berbera and oversee $700 million of upgrades to the facility in Somalia’s breakaway northern Somaliland region, Abdillahi Duale, the foreign minister, said
, said.
“Our discussions are already in an advanced stage,” Duale said today in an interview in the Ethiopian capital, Addis Ababa. “We have already made a basic agreement.”
Representatives of Bolloré, an investment company controlled by French billionaire Vincent Bollore, have met with Ethiopian Prime Minister Meles Zenawi and Somaliland President Dahir Riyale to discuss the agreement which will probably be signed next year, he said. Berbera port handles food aid and other cargo bound for landlocked Ethiopia.
Port revenue provides approximately 75 percent of the Somaliland government’s $50 million in annual revenue. Somaliland, a former British protectorate that merged with Italy’s Somali colony in 1960 to form Somalia, has remained largely free of violence during the 18-year civil war in central and southern Somalia.

http://www.togdheernews.com//index.php? ... 7&Itemid=1

[Boodh iyo Torre]

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[maxamedNomaD]

$700 million, that is alot of money, the prospects are looking good for somaliland?

[salafi_student]

Yeah wicked....but Plz don't make me laugh!

We've heard so many.. how Americans are having base there, French and blah blah. The fact is Berbera is in the hands of your good neighbours - the Ethiopians -. I think you will have great difficulties of convincing the Ethiopians to take your port back - so far the chance of that ever happening is reduced to 0%.


Later!

[ToughGong]

Yeah wicked....but Plz don't make me laugh!

We've heard so many.. how Americans are having base there, French and blah blah. The fact is Berbera is in the hands of your good neighbours - the Ethiopians -. I think you will have great difficulties of convincing the Ethiopians to take your port back - so far the chance of that ever happening is reduced to 0%.


Later!

HELL HATH NO FURY LIKE A DAROD SCORNED

[salafi_student]

seemeyer walaal

Were you not on the Diin....whats with the tribalism?

[Morrison]

seemeyer walaal

Were you not on the Diin....whats with the tribalism?

who are you trying to fool, you are no 1 hater when it comes to Somaliland, go and check your threads typical Dooro oo Diinta ku gabanayaa,
salafi orodoo diinta daroodka u akhrii okay

[ToughGong]

orodoo diinta daroodka u akhrii okay