Written by Reuters
ADDIS ABABA. Dec. 12, 2008 (Reuters) – The revival of a plan by Djibouti to charge Ethiopia an extra $22.5 million a year in port tariffs will push up inflation in the land-locked country, a senior Ethiopian business leader said on Friday.
Ethiopia pays $700 million annually in port fees to the tiny Red Sea state, which has been its main gateway for imports and exports since it lost the ports of Assab and Massawa when Eritrea won its independence in 1991. Read more →