Somali President Hassan Sheikh Mohamud officially invalidated Ethiopia’s agreement that granted the landlocked Somaliland, a breakaway region of Somalia, access to the Red Sea in exchange for a stake in Ethiopian Airlines.
Mohamud declared the memorandum of agreement entered into last week between the two governments as “illegal,” in a post on X, formerly Twitter, while he signed a law that repealed the deal on Saturday evening.
The president did not disclose specific details regarding the content of the new law or the timeline of its approval by the Somali parliament.
Officials in Somaliland and Ethiopia didn’t immediately respond when contacted for comment by Bloomberg News.