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COMESA raises alarm on illicit financial flows and money laundering
The Common Market for Eastern and Southern Africa (COMESA) and the International Criminal Police Organization (INTERPOL) recently took part in the 2nd Ministerial Conference on Maritime Security and the 22nd Plenary Session of the Contact Group on Piracy off the Coast of Somalia to address maritime insecurities. “This support provided through the MASE Programme has […]
Ethiopia to lose $1b in case it exits Somaliland’s Berbera Port
Ethiopia stands to lose close to USD 1 Billion should the country move ahead and halt its new development and partnership with Somaliland over the Port of Berbera. There have been unconfirmed reports in the Ethiopian and Somaliland media that the Horn of Africa nation is considering developing a port in Sudan that will be […]
DP World completes 400 meter expansion of Somaliland’s Berbera Port.
DP World this week announced the completion of a 400-meter expansion of the Berbera port in Somaliland. The Dubai Port Company that is contracted to expand the port said once operational, it will increase the terminal’s capacity by 500,000 TEUs per year and further strengthen Berbera as a major regional trade hub servicing the Horn […]