“This Bloomberg report is inaccurate. There is NO contract between Eritrea and DP World to “upgrade, maintain Eritrean ports.” Eritrea is currently in discussions with a few potential partners.” –
Dubai based logistics operator, DP World, disclosed to Bloomberg that it is facilitating the replacement of important equipment in the port of Assab as per the request of the Eritrean gov’t. The Eritrean gov’t, however, rejects Bloomberg’s “contracting DP World to upgrade, maintain Eritrean ports” report as ‘inaccurate’.
Bloomberg business news that the Eritrean government contracted today reported DP World to upgrade and maintain the ports of Assab and Massawa as regional peace brings increased business to the its shores. Continue reading DP World Upgrading Eritrean Ports (Update)
Purpose: To rehabilitate road connections between the Ethiopian border and Eritrean ports in order to boost trade and create jobs.
President Isaias today met EU Commissioner for International Cooperation & Development, Mr. Neven Mimica, and discussed Eritrea-EU cooperation ties within the framework of the recent climate of peace and cooperation ushered in the Horn of Africa, especially between Eritrea and Ethiopia.
Commissioner for International Cooperation and Development Neven Mimica is visiting Eritrea today, where he launches an initial €20 million project to rebuild the road connection between the Ethiopian border and Eritrean ports. Continue reading EU Allocates €20m to Reconnect Eritrean Ports with Ethiopia Border
Rendered obsolete? Growing Chinese debt, construction delays, a looming land saga, Ethiopia and Uganda’s decision to diversify their port options through Eritrea and Tanzania respectively, etc… put the US$29 billion Lamu Port South Sudan Ethiopia Transport corridor project (LAPSSET) into a greater uncertainty.
KALUME KAZUNGU | DAILY NATION
The Eritrea and Ethiopia peace agreement signed in July will not have any negative impact on the implementation and operationalization of the Lamu Port South Sudan Ethiopia Transport (Lapsset) corridor project. Continue reading Ethiopia, Eritrea Rapprochement Not a Threat to LAPSSET: Kenya Gov’t
If the Port of Assab fuel storage and unloading facility is in good condition Ethiopian Petroleum Supply Enterprise (EPSE) may import up to 30 percent of the total fuel import via Assab in 2019.
KALEYESUS BEKELE | THE REPORTER
Following the landmark peace declaration between Ethiopia and Eritrea the Ethiopian Petroleum Supply Enterprise (EPSE) is looking at the Port of Assab for fuel import.
Reliable sources told
The Reporter that EPSE is planning to import some amount of the country’s fuel import through the Port of Assab as of 2019. Continue reading Ethiopia Petroleum Enterprise Eyes Assab Port for Fuel Import
“The implementation of the Joint Peace and Friendship Declaration between Eritrea and Ethiopia New Year gift for both countries”
The Prime Minister of the Federal Republic of Ethiopia, Dr. Abiy Ahmed said that the implementation of the Joint Declaration of Peace and Friendship signed by Eritrea and Ethiopia is New Year gift for the peoples of both countries. Continue reading Ethiopian Prime Minister Visits Eritrean Ports of Assab and Massawa
Djibouti faces dark days to come. It fears the Eritrean ports of Assab and Massawa will challenge its two-decade-old, artificial “sole seaport to Ethiopia” status.
THOMAS C MOUNTAIN
Djibouti has been landlocked Ethiopia’s only access to the sea and depends of port taxes paid by Ethiopia for most of its income and with the Eritrean ports of Massawa and Assab on the Red Sea about to open finds itself faced with losing most of the Ethiopian trade it has enjoyed a monopoly on for the past twenty years. Continue reading Eritrean Ports, Pipeline Threaten Djibouti’s Ethiopian Trade Lifeline