Djibouti Says Key Container Port to Remain in State Hands

By Maggie Fick NAIROBI, March 14 (Reuters) - Djibouti's container port will remain in state hands as the government seeks investment, a senior official said on Wednesday in comments likely to reassure Washington where lawmakers say they fear it could be ceded to China. The Doraleh Container Terminal is a key asset for Djibouti, a tiny state on the Red Sea whose location … [Read more...]

Djibouti Signs New Container Terminal Deal

by Omar Mohammed (Reuters) Djibouti’s Doraleh Container Terminal Management Company has signed a deal with Singapore-based Pacific International Lines (PIL) to raise by a third the amount of cargo handled at the port, the country’s Ports and Zones Authority said on Tuesday. The agreement is expected to raise performance at the Doraleh Container Terminal, allowing it to … [Read more...]

Djibouti Opens New Port as Part of $7 Billion Per Year Free-Trade Zone Plan

NAIROBI, May 24 (Reuters) - Djibouti has formally opened one of four new ports designed to cement the tiny Horn of Africa nation's position as a continental hub, a statement from the ports authority said on Wednesday. Doraleh Multipurpose Port has been substantially upgraded as part of a Chinese-backed plan to establish Africa's largest free-trade zone that can handle $7 … [Read more...]