Eritrea Mulls Port as Ethiopia Rapprochement Spurs Investors

  • Harbor could be used to ferry fertilizer exports from new mine
  • Construction of mine may start later this year

By Nizar Manek, 23 August 2018
(Bloomberg) --
Eritrea is considering building a port on its Red Sea coastline to export potash from deposits being developed in the Horn of Africa nation, a mines ministry official said.
Plans for the harbor signal the country’s reemergence as a potential investor destination after its surprise rapprochement with neighboring Ethiopia last month ended two decades of political tensions. The facility could be used to ship potash from Ethiopia and adds to a series of port developments in the strategically located region by nations including Djibouti, Somalia, Sudan and the self-declared Republic of Somaliland.
(618 words)
https://www.bloomberg.com/news/articles/2018-08-23/eritrea-mulls-new-port-as-ethiopia-rapprochement-spurs-investors