Ethiopia to acquire portion of Djibouti port

Ethiopia's Prime Minister Abiy Ahmed. AFP PHOTO

Djibouti has agreed to Ethiopia's proposal to acquire a share of the Horn country's port, a deal secured by Ethiopian Prime Minister Abiy Ahmed on his first foreign visit as Head of State over the weekend.

The agreement comes after Djibouti unilaterally annulled a contract with the United Arab Emirates' giant Dubai Ports World (DP) two months ago.

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