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Ethiopia to take stake in Sudan port

Sudanese workers offload US aid destined for S Sudan at Port Sudan last year.

Ethiopia and Sudan have agreed on a deal allowing the Horn of Africa nation to take a stake in Sudan’s largest sea gateway port of Port Sudan, officials said on Thursday.

Several countries including wealthy Gulf states have ramped up investments in seaports along the Red Sea and East Africa’s coast as they vie for influence in a strategic corridor vital for shipping lanes and oil routes.

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