The recently concluded nationwide 42-day lockdown intended to lessen the spread of a second wave of the Covid-19 pandemic across Uganda has added to the continued economic slowdown. The headline Stanbic Purchasing Managers’ Index (PMI) slipped to 34.6 in July, down from 34.9 recorded during June. This is the second successive decline in business conditions […]
Leading multinational logistics company DP World is determined to transform Somaliland Port city of Berbera into a major maritime, industrial, and logistics hub in the Horn of Africa, especially for Ethiopian transit cargo. DP World who in partnership with the government of Somaliland opened a new container terminal at Berbera Port, with work underway to […]
Djibouti, 10 May – Djibouti has been recognized as the top container port in Africa and 61st globally by the World Bank and IHS Markit’s latest global Container Port Performance Index. Djibouti’s investment in ports and infrastructure development continues to pay dividends, highlighted by another top performance in global rankings. Djibouti has been ranked the top port […]
Berbera is set to become a major trade and logistics corridor following the signing of a Memorandum of Understanding (MoU) linking Ethiopia to the Somaliland trade city. On Thursday, the Dubai-based ports operator DP World and Ethiopia’s Ministry of Transport signed an agreement to develop the road linking Ethiopia to Berbera in Somaliland into a trade and […]
Somaliland President Muse Bihi has expressed his country’s excitement over the fast expansion of the Port of Berbera which is expected to be completed before the end of the year. The president while inspecting the infrastructural developments at the port said once complete it will place the country on the international map, create jobs for […]
Somaliland’s Berbera Port on Monday received three new ship-to-shore container cranes – the first of their kind in the region. The arrival of the STS cranes, according to the CEO of the Port Authority, Saeed Hassan Abdullahi, makes Berbera port ready to take up its role as a competent African hub for trade inbound to […]
Mombasa: February 21, 2021: Companies and individuals interested in taking part in the second Kenya Ports Authority-East Africa Maritime Awards 2020 have until Friday, March 19, 2021 to submit their entries via the Awards website, https://www.eama.co.ke/award-categories/. The Awards seek to recognize and award notable users of the Port of Mombasa and individual players are open to companies from […]
Mombasa: February 9, 2021: Kenya Ports Authority’s second East Africa Maritime Awards (EAMA) ceremony is scheduled to take place on May 21, 2021 in Mombasa, Kenya. The Awards which seek to recognize and award notable users of the Port of Mombasa. Individual players are open to companies from across the breadth of the maritime sector, comprising the […]
DJIBOUTI, Djibouti, 3 February 2021, - Djibouti pursues its ambitious growth projects in spite of the particularly challenging international economic situation arising from the health crisis. The Republic of Djibouti has entered the year 2021 with determination. According to the World Bank’s Global Economic Prospects report, Djibouti is expected to experience the strongest GDP growth […]
NAIROBI, Kenya, January 20, 2021. Is it too soon to be optimistic about an economic revival in East Africa following the devastating impact of COVID-19 on the global economy? The latest data - and the region’s continued focus on transforming its key industries, sectors, and infrastructure through technology - is giving me hope that the […]
The Somaliland Port of Berbera will be one of the distribution points for the distribution of COVID-19 vaccines and related immunization supplies to the landlocked countries in East and Central Africa after the DP World and UNICEF announced a wide-ranging partnership to support the global distribution. The new partnership - with a multi-million dollar value - is […]
The United Arab Emirates development support of Somaliland continued to increase with the funding of a low-cost solar power project in Berbera, the capital of the Sahil region. Somaliland Vice President Abdirahman Abdillahi Ismail (Saylici) unveiled the project alongside Minister of Finance Dr Saad Ali Shire. The project worth USD 7.98 Million funded by the Abu […]
Somaliland lower house has approved the Free Trade Zone law giving clearance for the launch of the Berbera Free Trading zone in the country. The house gave clearance for the completion of the Free Zone which is situated on 12 square kilometres land in the Port City of Berbera and is expected to be opened in […]