Ethiopia, Djibouti May Swap Stakes in Airlines, Ports

  • Deal politically endorsed while details pending, minister says
  • Landlocked Ethiopia views tiny Red Sea state as key partner

By Nizar Manek, 2 May 2018
(Bloomberg) --
Ethiopia and Djibouti agreed to swap stakes in strategic public enterprises including airlines, ports and telecommunications companies, as the Horn of Africa neighbors pursue deeper economic integration.
The deal would include exchanges of shares in Ethiopian Airlines Enterprise, Africa’s biggest carrier by revenue, Djiboutian Finance Minister Ilyas Dawalehsaid in an interview. Shareholdings in companies such as the Doraleh Container Terminal and in a new oil terminal, Ethiopian Telecommunications Corp. and Djibouti Telecom SA will also be swapped, he said.
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