Ethiopia Signs Deal with Somaliland for Red Sea Access
Ethiopia has made a landmark agreement with Somaliland, a breakaway region of Somalia, to secure access to the Red Sea in exchange for a stake in its national airline, Ethiopian Airlines.
The memorandum of understanding was signed this week, with detailed negotiations expected to be finalized within a month, according to Redwan Hussein, national security adviser to Prime Minister Abiy Ahmed.
While the exact stake that Ethiopia will offer for a share in African’s largest airline has not been disclosed, the agreement marks a significant development in the region’s geopolitical dynamics.
The deal could potentially provide Ethiopia with a strategic foothold in the Red Sea, a crucial waterway for global trade, and further enhance its position as a key player in the Horn of Africa.
With both parties set to benefit from the agreement, this move signals a new era of cooperation and economic partnership between Ethiopia and Somaliland. It also highlights the growing influence of the two nations in the East African region.
As negotiations continue, the outcome of this deal could have far-reaching implications for the economic and geopolitical landscape in the Horn of Africa.