The veins of Ethiopia’s growth

ADDIS ABABA DESPATCH | INTERNATIONAL
(The Hindu) -- 
Nizar Manek, 17 September 2017
Ethiopia, Africa's fastest growing economy, is planning to diversify its seaward and inland transport, which could cut payments to Djibouti
Ethiopia’s “umbilical cord”, Djibouti, could soon feel the pinch. After Ethiopia lost its lifeline to the Red Sea following the independence of Eritrea a quarter century ago, Djibouti has been land-locked Ethiopia’s gateway to the outside world. The International Monetary Fund ranks Ethiopia as Africa’s fastest-growing economy, and its ruling Ethiopian People’s Revolutionary Democratic Front (EPRDF), in power since the loss of the Eritrean ports of Assab and Massawa, prioritises export-led industrial growth. It depends on Djibouti, which channels 95% of its cargo and does most of the staffing for Ethiopian export containers.
However, Ethiopia is now planning to diversify its seaward and inland transport, which could cut payments to Djibouti. Up to 80% of Ethiopia’s cargoes could be diverted through the ports of other neighbours, Sudan and Somaliland, once fully operational for Ethiopian use, Roba Megerssa Akawak, CEO of Ethiopian Shipping & Logistics Service Enterprise (ESLSE), told this reporter.
(575 words)
ttp://www.thehindu.com/news/international/the-veins-of-ethiopias-growth/article19699385.ece
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