Ethiopia’s Wealth Group to Enforce MoU with Somaliland Despite Regional Strife

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Changes in the Horn of Africa: Ethiopia Deepens Ties with Somaliland Amid Controversy

The ruling Prosperity Party (PP) in Ethiopia announced its decision to translate its Memorandum of Understanding (MoU) with Somaliland into a tangible agreement. This move, made public on January 1, 2024, is stirring up regional conflict. The agreement would afford Ethiopia much-desired maritime access at the cost of recognizing Somaliland, an action criticized by Somalia as well as multiple Arab League countries and Egypt. Nevertheless, the PP has maintained its stance. News on this issue comes from our source at Reader Wall.

The Stoking of Regional Fires

This MoU has sparked intense reactions, largely because it is seen by Somalia as a breach of its sovereignty and territorial rights. Encompassed in the agreement is a proposition to provide Ethiopia with a coastal strip measuring 20 km, situated near Somaliland’s Berbera port, for a duration of half a century. In exchange, Somaliland would be offered shares in Ethiopian state businesses and perhaps even international acceptance. The potential ramifications of such a deal are not limited to Ethiopia and Somalia. Indeed, they raise pressing inquiries about the stability of the Horn of Africa and have drawn the gaze of the global community.

Internal Struggles within the Prosperity Party

Within its own borders, the PP is dealing with multiple obstacles hampering Ethiopia’s economic growth. These barriers include local disputes and the requirement to increase law enforcement efforts against groups that promote their demands through violent means. The ruling party accentuates the need for peaceful resolutions with these factions in order to cultivate a peaceful and thriving national environment. In consecutive meetings, the PP evaluated different sectors such as agriculture, mining, tourism, manufacturing, and ICT, urging its leaders and members to collaborate with the Ethiopian population more productively.

Leadership Transition

PP experienced a significant shift in its leadership as Demeke Mekonnen, its second vice president and the Director General of the National Intelligence and Security Service (NISS), was succeeded by Temesgen Tiruneh. This transition is part of a wider policy aimed at addressing challenges related to economic development and national security. While the implications of this change in leadership are still unfolding, it clearly signifies PP’s dedication to continual reform and regional stability.

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