Djibouti Reduces Port Tariff by over 80%

ADDIS ABABA – Prime Minister Abiy Ahmed said the government of Djibouti has made over 80% port tariff reduction.

Djibouti handles roughly 95 percent of all inbound trade for landlocked Ethiopia, Africa’s second-most-populous nation and economic power in East Africa.

In a twitted message today, Prime Minister Abiy has expressed his “profound gratitude” to Djibouti’s President Ismail Oguelleh “for recognizing a neighbor in need”.

“With 82.5% reductions in port tariffs for exports at this critical time,” Abiy said, “the support is testimony to countering the effects of #COVID19 through collective leadership”.

Ethiopia has been spared the worst of the coronavirus crisis, with just 82 confirmed cases out of more than 15,000 in the continent as a whole.

Reports say government’s restrictive measures could slow the spread of the virus but likely to have a deep impact on the economy.

Ethiopia confirmed its first case on 12 March. It has since suspended its airlines’ majority of passenger flights, closed all land borders, declared a state of emergency, and ordered most government employees to work from home, among others, as part of measures to curb the spread of the virus.

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