IPSA 10,706 ▲ 0.29% MERVAL 3,129,528 ▲ 1.08% COLCAP 2,266.48 ▲ 0.22% BVL PERÚ 55,499.07 ▲ 1.21% USD/MXN17.45▼ 0.33% USD/COP3,426▼ 0.50% USD/PEN3.41▼ 0.46% USD/UYU40.22▲ 2.10% USD/PYG6,084▲ 1.66% USD/BOB6.85▲ 1.73% USD/DOP59.15▲ 2.14% USD/CRC450.59▲ 1.75% USD/NIO36.62▲ 0.31% USD/VES620.66▲ 5.79% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.02▲ 0.72% USD/TTD6.74▲ 1.41% EUR/BRL5.89▼ 0.21% BRENT 72.59 ▼ 3.55% GOLD 4,095 ▲ 1.61% SILVER 59.45 ▲ 1.89% SOY 1,153 ▲ 2.26% CORN 442.75 ▲ 6.75% WHEAT 589.75 ▼ 0.21% COFFEE 272.30 ▼ 5.71% COTTON 75.82 ▲ 3.30% BEEF 246.60 ▼ 4.20% CATTLE 370.63 ▼ 0.72% LITHIUM 76.18 ▼ 2.89% ITUB4 42.00 ▲ 0.72% BBAS3 20.22 ▲ 0.85% B3SA3 14.69 ▲ 0.55% PRIO3 53.44 ▼ 0.93% SUZB3 40.63 ▼ 3.26% RENT3 42.58 ▲ 0.54% CSAN3 3.72 ▲ 0.27% RAIZ4 0.42 — 0.00% PCAR3 2.33 ▲ 3.10% GMAT3 3.83 — 0.00% CVCB3 1.42 — 0.00% SLCE3 13.31 ▲ 0.08% RANI3 7.71 ▼ 0.77% CSNA3 4.82 — 0.00% USIM5 8.45 ▼ 0.59% NEOE3 33.80 — 0.00% CMIG4 10.86 ▲ 0.65% RAIA DROGASIL 17.32 ▲ 0.70% RDOR3 34.40 ▲ 0.10% VBBR3 29.32 ▲ 0.51% CURY3 35.08 ▲ 1.07% VIVARA 23.15 ▲ 0.30% COMPASS 25.38 ▼ 0.63% VAMOS 2.84 ▲ 0.71% SANB11 26.35 ▲ 0.57% SBSP3 29.36 ▲ 1.59% GMEXICO 201.64 ▼ 0.67% FEMSA 220.70 ▲ 0.79% BIMBO 56.74 ▲ 1.03% TELEVISA 9.57 ▼ 0.52% GAP 438.00 ▼ 0.87% ASUR 311.04 ▲ 0.46% OMA 242.64 ▼ 0.56% KOF 184.55 ▼ 0.01% KIMBER 38.60 ▲ 1.02% COPEC 5,839 ▲ 0.64% BSANTANDER 73.10 ▼ 0.54% ENELAM 81.15 ▼ 0.44% CMPC 1,038 ▼ 0.24% BANCO CHILE 177.40 ▼ 0.12% YPF 70,900 ▲ 0.21% PAMPA 4,995 ▲ 0.71% TXAR 676.00 ▲ 0.52% ALUAR 1,001 ▲ 1.11% CEPU 2,254 ▲ 1.39% MIRGOR 16,050 — 0.00% COME 42.14 ▲ 2.73% BYMA 306.00 ▲ 1.58% TELECOM ARG 3,998 ▲ 1.20% BANCOLOMBIA 79.66 ▲ 0.98% GRUPO AVAL 5.13 ▲ 0.59% STONE 10.87 ▲ 0.74% GLOBANT 28.62 ▲ 3.21% TECNOGLASS 45.02 ▲ 2.16% GAP AIRPORT 252.20 ▼ 0.01% OMA AIRPORT 112.78 ▲ 0.68% AMX ADR 26.58 ▲ 1.06% FEMSA ADR 126.98 ▲ 1.28% VALE ADR 15.17 ▲ 0.30% SANTANDER BR 5.17 ▲ 0.10% AMBEV ADR 3.17 ▲ 0.97% CSN 0.95 ▼ 0.70% BTC 59,500 ▼ 0.37% SOL 70.62 ▲ 4.51% ADA 0.14 ▲ 0.82% LINK 7.21 ▼ 0.27% BCH 195.00 ▲ 1.24% ATOM 1.60 ▼ 0.54% SELIC 14.25% USD/BRL5.16▼ 0.28% USD/CLP920.15▼ 0.13% USD/ARS1,474▼ 0.22% USD/GTQ7.62▲ 2.31% USD/HNL26.70▲ 0.40% PETR4 38.04 ▼ 1.07% VALE3 78.65 ▼ 0.01% BBDC4 17.77 ▲ 0.85% ABEV3 16.50 ▲ 0.67% WEGE3 46.43 ▼ 0.15% AZZA3 18.86 ▼ 4.75% PSSA3 52.91 ▲ 0.59% POSI3 3.96 ▲ 0.76% NATU3 7.76 ▼ 0.77% BRKM5 6.35 ▼ 6.89% CMIN3 4.33 ▲ 2.12% GGBR4 21.31 ▼ 0.61% ENEV3 26.26 ▲ 0.54% CPFE3 45.03 ▼ 0.20% EQTL3 39.33 ▲ 0.72% EMBRAER 81.14 ▲ 0.05% EMBRAER ADR 63.03 ▲ 0.37% JBS 12.15 ▲ 0.96% JBS BDR 62.69 ▲ 0.90% MBRF3 17.37 ▲ 4.32% MBRFY 3.29 ▲ 5.11% LREN3 14.59 ▲ 0.48% VIVT3 34.97 ▲ 1.16% RAIL3 13.56 ▲ 0.82% KLABIN 16.82 ▼ 1.35% HAPV3 10.08 ▼ 0.40% FLRY3 15.33 ▼ 0.78% SMTO3 15.09 ▲ 2.58% UGPA3 25.31 ▲ 0.24% BBSE3 39.00 ▲ 0.33% BPAC11 54.44 ▲ 0.26% AERI3 2.08 ▲ 0.48% PAGSEGURO 8.95 ▲ 2.40% INTER 5.35 ▲ 2.00% ASAI3 8.71 ▲ 1.16% WALMEX 51.07 ▼ 0.10% CEMEX 21.65 ▼ 0.32% GFNORTE 183.87 ▼ 1.07% AMX 23.12 ▲ 0.39% GRUMA 283.03 ▲ 0.10% SQM-B 65,467 ▼ 2.36% FALABELLA 5,935 ▲ 0.77% CENCOSUD 2,113 ▼ 0.47% LATAM AIR 26.38 ▲ 1.00% GGAL 7,700 ▲ 1.25% TGS 9,210 ▲ 0.99% LOMA NEGRA 3,605 ▲ 1.62% ECOPETROL 14.40 ▼ 0.35% CREDICORP 391.21 ▲ 2.84% SOUTHERN COPPER 176.90 ▲ 1.24% BUENAVENTURA 31.49 ▲ 2.62% MERCADOLIBRE 1,641 ▲ 1.34% NUBANK 13.03 ▲ 4.53% XP 15.99 ▲ 1.33% CEMEX ADR 12.46 ▲ 0.65% PETROBRAS ADR 16.34 ▼ 1.12% ITAU ADR 8.12 ▲ 1.06% GERDAU 4.13 ▼ 0.36% LATAM ADR 57.74 ▲ 1.48% ETH 1,555 ▼ 0.61% XRP 1.04 ▼ 0.33% BNB 559.54 ▼ 0.05% DOGE 0.07 ▼ 1.23% AVAX 6.22 ▼ 0.03% DOT 0.84 ▲ 0.27% LTC 40.95 ▲ 0.24% TRX 0.32 ▼ 1.30% XLM 0.18 ▼ 1.05% HBAR 0.07 ▼ 0.83% NEAR 1.78 ▼ 2.80% AAVE 88.06 ▲ 7.06% EGX 51,443 ▼ 0.52% USD/ZAR16.44▼ 0.35% USD/NGN1,378▼ 0.09% NIKKEI 69,361 ▼ 4.15% CSI300 4,868 ▼ 3.03% HSI 22,672 ▼ 1.76% NIFTY 24,056 ▲ 0.14% KOSPI 8,411 ▼ 5.81% JCI 5,896 ▼ 1.72% USD/JPY161.61▼ 0.11% USD/CNY6.79▼ 0.14% DAX 24,679 ▼ 1.26% CAC 8,373 ▼ 0.69% FTSE 10,480 ▼ 0.47% MIB 51,233 ▼ 0.79% IBEX 19,430 ▼ 0.43% STOXX 634.99 ▼ 0.82% EUR/USD1.14▲ 0.43% GBP/USD1.32▲ 0.39% SPX 7,362 ▲ 0.06% DJI 52,008 ▲ 0.17% NDX 29,284 ▼ 0.53% RUT 3,009 ▲ 0.05% TSX 35,011 ▲ 0.46% VIX 19.15 ▲ 2.79% USD/CAD1.42▼ 0.10% US10Y 4.3860 ▼ 0.14% IPSA 10,706 ▲ 0.29% MERVAL 3,129,528 ▲ 1.08% COLCAP 2,266.48 ▲ 0.22% BVL PERÚ 55,499.07 ▲ 1.21% USD/MXN 17.45 ▼ 0.33% USD/COP 3,426 ▼ 0.50% USD/PEN 3.41 ▼ 0.46% USD/UYU 40.22 ▲ 2.10% USD/PYG 6,084 ▲ 1.66% USD/BOB 6.85 ▲ 1.73% USD/DOP 59.15 ▲ 2.14% USD/CRC 450.59 ▲ 1.75% USD/NIO 36.62 ▲ 0.31% USD/VES 620.66 ▲ 5.79% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.02 ▲ 0.72% USD/TTD 6.74 ▲ 1.41% EUR/BRL 5.90 ▼ 0.16% BRENT 72.59 ▼ 3.55% GOLD 4,095 ▲ 1.61% SILVER 59.45 ▲ 1.89% SOY 1,153 ▲ 2.26% CORN 442.75 ▲ 6.75% WHEAT 589.75 ▼ 0.21% COFFEE 272.30 ▼ 5.71% COTTON 75.82 ▲ 3.30% BEEF 246.60 ▼ 4.20% CATTLE 370.63 ▼ 0.72% LITHIUM 76.18 ▼ 2.89% ITUB4 42.00 ▲ 0.72% BBAS3 20.22 ▲ 0.85% B3SA3 14.69 ▲ 0.55% PRIO3 53.44 ▼ 0.93% SUZB3 40.63 ▼ 3.26% RENT3 42.58 ▲ 0.54% CSAN3 3.72 ▲ 0.27% RAIZ4 0.42 — 0.00% PCAR3 2.33 ▲ 3.10% GMAT3 3.83 — 0.00% CVCB3 1.42 — 0.00% SLCE3 13.31 ▲ 0.08% RANI3 7.71 ▼ 0.77% CSNA3 4.82 — 0.00% USIM5 8.45 ▼ 0.59% NEOE3 33.80 — 0.00% CMIG4 10.86 ▲ 0.65% RAIA DROGASIL 17.32 ▲ 0.70% RDOR3 34.40 ▲ 0.10% VBBR3 29.32 ▲ 0.51% CURY3 35.08 ▲ 1.07% VIVARA 23.15 ▲ 0.30% COMPASS 25.38 ▼ 0.63% VAMOS 2.84 ▲ 0.71% SANB11 26.35 ▲ 0.57% SBSP3 29.36 ▲ 1.59% GMEXICO 201.64 ▼ 0.67% FEMSA 220.70 ▲ 0.79% BIMBO 56.74 ▲ 1.03% TELEVISA 9.57 ▼ 0.52% GAP 438.00 ▼ 0.87% ASUR 311.04 ▲ 0.46% OMA 242.64 ▼ 0.56% KOF 184.55 ▼ 0.01% KIMBER 38.60 ▲ 1.02% COPEC 5,839 ▲ 0.64% BSANTANDER 73.10 ▼ 0.54% ENELAM 81.15 ▼ 0.44% CMPC 1,038 ▼ 0.24% BANCO CHILE 177.40 ▼ 0.12% YPF 70,900 ▲ 0.21% PAMPA 4,995 ▲ 0.71% TXAR 676.00 ▲ 0.52% ALUAR 1,001 ▲ 1.11% CEPU 2,254 ▲ 1.39% MIRGOR 16,050 — 0.00% COME 42.14 ▲ 2.73% BYMA 306.00 ▲ 1.58% TELECOM ARG 3,998 ▲ 1.20% BANCOLOMBIA 79.66 ▲ 0.98% GRUPO AVAL 5.13 ▲ 0.59% STONE 10.87 ▲ 0.74% GLOBANT 28.62 ▲ 3.21% TECNOGLASS 45.02 ▲ 2.16% GAP AIRPORT 252.20 ▼ 0.01% OMA AIRPORT 112.78 ▲ 0.68% AMX ADR 26.58 ▲ 1.06% FEMSA ADR 126.98 ▲ 1.28% VALE ADR 15.17 ▲ 0.30% SANTANDER BR 5.17 ▲ 0.10% AMBEV ADR 3.17 ▲ 0.97% CSN 0.95 ▼ 0.70% BTC 59,500 ▼ 0.37% SOL 70.62 ▲ 4.51% ADA 0.14 ▲ 0.82% LINK 7.21 ▼ 0.27% BCH 195.00 ▲ 1.24% ATOM 1.60 ▼ 0.54% SELIC 14.25% USD/BRL 5.16 ▼ 0.28% USD/CLP 920.15 ▼ 0.13% USD/ARS 1,474 ▼ 0.22% USD/GTQ 7.62 ▲ 2.31% USD/HNL 26.70 ▲ 0.40% PETR4 38.04 ▼ 1.07% VALE3 78.65 ▼ 0.01% BBDC4 17.77 ▲ 0.85% ABEV3 16.50 ▲ 0.67% WEGE3 46.43 ▼ 0.15% AZZA3 18.86 ▼ 4.75% PSSA3 52.91 ▲ 0.59% POSI3 3.96 ▲ 0.76% NATU3 7.76 ▼ 0.77% BRKM5 6.35 ▼ 6.89% CMIN3 4.33 ▲ 2.12% GGBR4 21.31 ▼ 0.61% ENEV3 26.26 ▲ 0.54% CPFE3 45.03 ▼ 0.20% EQTL3 39.33 ▲ 0.72% EMBRAER 81.14 ▲ 0.05% EMBRAER ADR 63.03 ▲ 0.37% JBS 12.15 ▲ 0.96% JBS BDR 62.69 ▲ 0.90% MBRF3 17.37 ▲ 4.32% MBRFY 3.29 ▲ 5.11% LREN3 14.59 ▲ 0.48% VIVT3 34.97 ▲ 1.16% RAIL3 13.56 ▲ 0.82% KLABIN 16.82 ▼ 1.35% HAPV3 10.08 ▼ 0.40% FLRY3 15.33 ▼ 0.78% SMTO3 15.09 ▲ 2.58% UGPA3 25.31 ▲ 0.24% BBSE3 39.00 ▲ 0.33% BPAC11 54.44 ▲ 0.26% AERI3 2.08 ▲ 0.48% PAGSEGURO 8.95 ▲ 2.40% INTER 5.35 ▲ 2.00% ASAI3 8.71 ▲ 1.16% WALMEX 51.07 ▼ 0.10% CEMEX 21.65 ▼ 0.32% GFNORTE 183.87 ▼ 1.07% AMX 23.12 ▲ 0.39% GRUMA 283.03 ▲ 0.10% SQM-B 65,467 ▼ 2.36% FALABELLA 5,935 ▲ 0.77% CENCOSUD 2,113 ▼ 0.47% LATAM AIR 26.38 ▲ 1.00% GGAL 7,700 ▲ 1.25% TGS 9,210 ▲ 0.99% LOMA NEGRA 3,605 ▲ 1.62% ECOPETROL 14.40 ▼ 0.35% CREDICORP 391.21 ▲ 2.84% SOUTHERN COPPER 176.90 ▲ 1.24% BUENAVENTURA 31.49 ▲ 2.62% MERCADOLIBRE 1,641 ▲ 1.34% NUBANK 13.03 ▲ 4.53% XP 15.99 ▲ 1.33% CEMEX ADR 12.46 ▲ 0.65% PETROBRAS ADR 16.34 ▼ 1.12% ITAU ADR 8.12 ▲ 1.06% GERDAU 4.13 ▼ 0.36% LATAM ADR 57.74 ▲ 1.48% ETH 1,555 ▼ 0.61% XRP 1.04 ▼ 0.33% BNB 559.54 ▼ 0.05% DOGE 0.07 ▼ 1.23% AVAX 6.22 ▼ 0.03% DOT 0.84 ▲ 0.27% LTC 40.95 ▲ 0.24% TRX 0.32 ▼ 1.30% XLM 0.18 ▼ 1.05% HBAR 0.07 ▼ 0.83% NEAR 1.78 ▼ 2.80% AAVE 88.06 ▲ 7.06% EGX 51,443 ▼ 0.52% USD/ZAR 16.43 ▼ 0.30% USD/NGN 1,378 ▼ 0.09% NIKKEI 69,361 ▼ 4.15% CSI300 4,868 ▼ 3.03% HSI 22,672 ▼ 1.76% NIFTY 24,056 ▲ 0.14% KOSPI 8,411 ▼ 5.81% JCI 5,896 ▼ 1.72% USD/JPY 161.62 ▼ 0.10% USD/CNY 6.7882 ▼ 0.01% DAX 24,679 ▼ 1.26% CAC 8,373 ▼ 0.69% FTSE 10,480 ▼ 0.47% MIB 51,233 ▼ 0.79% IBEX 19,430 ▼ 0.43% STOXX 634.99 ▼ 0.82% EUR/USD 1.1422 ▲ 0.40% GBP/USD 1.3223 ▲ 0.20% SPX 7,362 ▲ 0.06% DJI 52,008 ▲ 0.17% NDX 29,284 ▼ 0.53% RUT 3,009 ▲ 0.05% TSX 35,011 ▲ 0.46% VIX 19.15 ▲ 2.79% USD/CAD 1.4177 ▼ 0.09% US10Y 4.3860 ▼ 0.14%
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Africa Eastern Africa

Ethiopia Eyes Red Sea: A Turning Point for the Horn of Africa

By · October 19, 2023 · 2 min read

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Ethiopia’s Prime Minister Abiy Ahmed recently advocated for regaining access to the Red Sea, which was lost when Eritrea seceded in 1993.

This statement worries neighboring countries. They fear it could lead to conflict in the region.

Meanwhile, the Horn of Africa faces other issues. These include global changes like climate disasters and technological advances.

Countries in the region, such as Somalia and Kenya, are trying to adapt. Their success depends on good leadership and stability.

Ethiopia has relied on Djibouti’s ports for trade. This dependence is costly. It also hinders Ethiopia’s goal of becoming more prosperous by 2025.

In 2018, Ethiopia mended its relationship with Eritrea. Prime Minister Abiy won a Nobel Peace Prize for this effort. But the new demand for Red Sea access could risk this peace.

Eritrea was quick to reject Ethiopia’s Red Sea request. They called it too much. Somalia also said the issue is not open for discussion.

This raises concerns about peace in the region.

Ethiopia Eyes Red Sea: A Turning Point for the Horn of Africa. (Photo Internet reproduction)
Ethiopia Eyes Red Sea: A Turning Point for the Horn of Africa. (Photo Internet reproduction)
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On the other hand, experts point out that Europe united after many challenges. So, the Horn of Africa can also find common ground.

Ethiopia’s Ministry of Peace suggests using the Red Sea for the country’s growing population. Ethiopia believes the sea could benefit many people in the region.

However, critics say Ethiopia’s new demand could cause problems. A former Somali Government Minister, Abdirashid Hashi, warned against it.

He said this could endanger the borders and freedom of other countries.

In summary, Ethiopia’s new demand to access the Red Sea raises many questions. It comes at a time when the Horn of Africa is already dealing with big changes.

The countries in this region need to talk openly. They need to find a way to deal with these challenges. Good leadership and planning are key to a peaceful future.

Background

The Horn of Africa has a long history of geopolitical importance. It serves as a bridge between Asia and Europe.

The Red Sea and the Suez Canal are key routes for global trade. In the past, this area faced conflicts due to border disputes and resource sharing.

Ethiopia and Eritrea fought a war that ended in 2000. Their relations improved in 2018 but are again under stress.

Climate change also poses new challenges. Floods, droughts, and other disasters are now more frequent.

Leadership in these countries has to manage both old conflicts and new global issues. Finding a common approach is critical for stability and growth in the Horn of Africa.

Part of our ongoing coverage

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