See also:
» 05.11.2013 - Ethiopia plans Africa's biggest dam
» 19.01.2011 - Djibouti desperate for energy investors
» 04.10.2010 - Ethiopia confirms massive railway investment
» 03.01.2007 - Djibouti, Somaliland in bitter port feud
» 11.09.2006 - Djibouti invests in luxury ahead of COMESA summit
» 02.11.2005 - Djibouti power sector to be diversified
» 14.12.2004 - Djibouti, Ethiopia integrate power networks
» 04.12.2003 - New bulk terminal in Djibouti financed

China wholesale online through

Houlihan's coupons

Finn autentiske matoppskrifter fra hele verden på
Gazpacho Børek Kartoffelsalat Taboulé Gulasj Albóndigas Cevapi Rougaille Japrak sarma Zwiebelbrot Klopse Giouvetsi Paella Pljeskavica Pica pau Pulpo a la gallega Flammkuchen Langosj Tapenade Chatsjapuri Pasulj Lassi Kartoffelpuffer Tortilla Raznjici Knödel Lentejas Bœuf bourguignon Korianderchutney Brenneslesuppe Proia Sæbsi kavurma Sardinske calamares

Autentiske matoppskrifter fra hele verden finner du på
Réunion Portugal Aserbajdsjan Serbia Tyskland Seychellene Bosnia Spania Libanon Belgia India Kroatia Hellas Italia Ungarn Komorene Georgia Mauritius Østerrike Romania Frankrike

Djibouti | Ethiopia
Economy - Development

Ethio-Djibouti railway may get rehabilitation

afrol News, 23 July - A Dubai-based company, which already has great interests in the Djibouti port, is eying possibilities to invest into the rehabilitation of the Ethio-Djibouti railway, connecting Addis Ababa with Djibouti and representing landlocked Ethiopia's main import-export lifeline.

According to reports by the Ethiopian newspaper 'Addis Fortune', DP World, a Dubai state-owned company, "has shown a strong interest to enter into the Ethiopian market, eyeing a potential for investment in rehabilitating the Ethio-Djibouti railway line and developing a green project of installing a pipe line for oil, from Djibouti," the newspaper reports.

According to the Dubai company, "Ethiopia is natural hinterland of Djibouti Port," making investments in Ethiopia's infrastructure an obvious option for DP World. The company has been strongly involved in the Djibouti port - the main port in the Horn region and Djibouti's main source of revenues - since year 2000, where it operates terminals treating container shipments and co-manages the entire port in cooperation with port authorities. The main part of shipments passing through Djibouti port goes to or from Ethiopia.

Sultan Ahmed Bin-Suleiman, chairman of DP-World, led a group of 11 company representatives on a recent visit to Addis Ababa, where the team mapped business possibilities in Ethiopia and met with Prime Minister Meles Zenawi. According to 'Addis Fortune', multimillionaire Djiboutian businessman Abdurahiman Boure and the chairman of the Djibouti Port Authority accompanied Mr Bin-Suleiman.

The delegation reportedly told PM Meles that the company was interested in getting management concessions to operate the 761-kilometer Ethio-Djibouti railway line, and to install a pipeline that runs from Djibouti to Awash area. "It has also requested to be involved in hotel and tourism business," The Addis newspaper reported. Investments in the range of US$ 1 billion were reportedly suggested, with PM Meles signalling the Ethiopian government's interest.

The key rail connection to Djibouti port was built by the Imperial Railway Company of Ethiopia, founded in 1894, and was opened in 1917. France owed the Djibouti part of the line, but transferred this ownership to the Djiboutian government after independence in 1977. Later, ownership of the entire railway was transferred to the Ethio-Djibouti Railways company.

Since the 1970s, the railway's quality has been deteriorating and its importance diminished as more and more of transported goods and passengers went over to improved roads. Also, the port of Massawa gained importance. With Eritrea's independence in 1993, Ethiopia became landlocked, and with deteriorating relations between the two countries, Massawa became out of reach for Ethiopia and Djibouti's importance again became key.

In 2003 the European Commission prepared a grant of euro 40 million for the rehabilitation of the railway. The Djiboutian and Ethiopian governments chose the South African company Comazar to administer the railway in March, 2006. A 25-year concession was due to be signed in June 2007, but this failed to happen, and negotiations began with Kuwaiti company Fouad Alghanim and Sons Group.

- Create an e-mail alert for Djibouti news
- Create an e-mail alert for Ethiopia news
- Create an e-mail alert for Economy - Development news

    Printable version

On the Afrol News front page now

Rwanda succeeds including citizens in formal financial sector

afrol News - It is called "financial inclusion", and it is a key government policy in Rwanda. The goal is that, by 2020, 90 percent of the population is to have and actively use bank accounts. And in only four years, financial inclusion has doubled in Rwanda.

Famine warning: "South Sudan is imploding"

afrol News - The UN's humanitarian agencies now warn about a devastating famine in Sudan and especially in South Sudan, where the situation is said to be "imploding". Relief officials are appealing to donors to urgently fund life-saving activities in the two countries.
Panic in West Africa after Ebola outbreak in Guinea

afrol News - Fear is spreading all over West Africa after the health ministry in Guinea confirmed the first Ebola outbreak in this part of Africa. According to official numbers, at least 86 are infected and 59 are dead as a result of this very contagious disease.
Ethiopia tightens its already strict anti-gay laws

afrol News - It is already a crime being homosexual in Ethiopia, but parliament is now making sure the anti-gay laws will be applied in practical life. No pardoning of gays will be allowed in future, but activist fear this only is a signal of further repression being prepared.
Ethiopia plans Africa's biggest dam

afrol News / Africa Renewal - Ethiopia's ambitious plan to build a US$ 4.2 billion dam in the Benishangul-Gumuz region, 40 km from its border with Sudan, is expected to provide 6,000 megawatts of electricity, enough for its population plus some excess it can sell to neighbouring countries.

front page | news | countries | archive | currencies | news alerts login | about afrol News | contact | advertise | español 

©  afrol News. Reproducing or buying afrol News' articles.

   You can contact us at