Ethiopia offers airline stake to Somaliland for Red Sea access

Ethiopia signed a memorandum of understanding with Somaliland, a breakaway region of Somalia, to gain access to the Red Sea in exchange for a stake in its flagship carrier Ethiopian Airlines. Detailed negotiations to reach a formal agreement will be concluded in a month, said Redwan Hussein, national security adviser to Prime Minister Abiy Ahmed. He didn’t disclose the stake Ethiopia will offer for Africa’s biggest airline. The MoU will enable Ethiopia to access the Red Sea from Somaliland to use as a military base and for commercial purposes for 50 years, Hussein said at a briefing on Monday in the capital Addis Ababa. It will be able to lease a “20 kilometer (12 miles) long access for the Ethiopian Navy base and to be used as one of its entry ports,” Somaliland President Muse Bihi Abdi said at the same event. Ethiopia can also build infrastructure and a corridor, Hussein said. As part of the agreement Africa’s second most populated nation will recognize Somaliland as a sovereign state, Bihi said. In October, Abiy in a televised lecture identified access to the ocean as a strategic objective and warned that failure to secure it could lead to conflict before toning down his comments. <br/>