A LARGE investment programme worth $4,3bn is being undertaken by the Djibouti Ports and Free Zones Authority (DPFA) to expand its operations and support the growing economy of its larger landlocked neighbour and main customer, Ethiopia. The plan is to add five ports to a sprawling complex incorporating a new free trade zone, the authority’s chairman, Aboubaker Omar Hadi, said in an interview last week.
The investment is in line with a push by heads of state on the continent — along with the African Development Bank (AfDB) — to accelerate infrastructure development, and will be rolled out over three years.
Djibouti has been identified as important emerging trans-shipment hub in Africa, whose other hubs include Durban and Dar es Salaam. —more @Business Day