Ethiopia to acquire portion of Djibouti port

People load a cargo ship at the Port of Berbera in Somaliland on December 5, 2015. FILE | NATION MEDIA GROUP

The Djibouti governments has agreed to Ethiopia's proposal for acquiring a share of the former's port.

The agreement comes after Djibouti unilaterally annulled a contract with the United Arab Emirates' giant Dubai Ports World (DP) two months ago.