Ethiopia to take stake in Port of Djibouti, its trade gateway -state media

[Cotton Eyed Joe]

thanks punani

 

[Abdalla]

This deal sounds like one of mutual interest. I thought Djibouti gave a cut to the Ethiopians but it seems like Djibouti will get a share of Ethiopian state assets as well

It's about Ethiopia having a stake in Djibouti Port. There's already an agreement in place since 2 years who m ago to divert 30% of Imports to Berbera.

How will this work in practical sense? Will the Ethiopian government force Ethiopian business owners to use the Berbera port?

 

[Zero]

It's over for berbera.

@draco @Factz

LOL
Shut up you little poor cisse clan enclave.How come your GDP of 1.7 billion USD is lower than Somaliland(2 billion USD) who is an isolated unrecognized de facto state for almost 30 years? What have you incompetent prostitutes been doing all these years? You have been a free country for 58 years and the only thing you can show for is prostitution and sex tourism.

 

[Cumar]

This deal sounds like one of mutual interest. I thought Djibouti gave a cut to the Ethiopians but it seems like Djibouti will get a share of Ethiopian state assets as well



How will this work in practical sense? Will the Ethiopian government force Ethiopian business owners to use the Berbera port?

They will have every incentive to switch over to Berbera, due to a lower tax burden and the construction of free zone. Once the corridor is complete, Berbera will be the cheapest and quickest route to import and export goods to the lucrative Middle east and Asian markets.

https://hiiraan.com/news4/2018/Apr/157842/dp_world_signs_final_agreement_for_berbera_free_zone.aspx

"The Berbera Free Zone will offer global opportunities to foreign investors with many cost saving benefits. Companies are able to retain 100% ownership with no local sponsorship required. This often leads to higher productivity and an increase in employment. Encouraging foreign ownership also lowers prices and improves the quality of products. Businesses are able to repatriate capital and profits."

 

[Cumar]

They didn't give 19 % of their for free like you guys done.

"In return for giving out a share of its port, Djibouti was offered to have a stake in any of the major Ethiopian firms of its choice including Ethiopian Airlines. Djibouti also showed an interest in agricultural activities in Ethiopia."

Getting more than $2billion US in infastructure investments including a UAE base (Which SL will own after lease is up), 200km paved multilane highway and a new airport runway at Berbera is hardly free.

 

[Abdalla]

They will have every incentive to switch over to Berbera, due to a lower tax burden and the construction of free zone.

https://hiiraan.com/news4/2018/Apr/157842/dp_world_signs_final_agreement_for_berbera_free_zone.aspx

"The Berbera Free Zone will offer global opportunities to foreign investors with many cost saving benefits. Companies are able to retain 100% ownership with no local sponsorship required. This often leads to higher productivity and an increase in employment. Encouraging foreign ownership also lowers prices and improves the quality of products. Businesses are able to repatriate capital and profits."

Incentives are the most effective way to atract foreigners. But 30% sounds like a fixed rate. Will they give 30% of the businesses such incentives?

 

[World]

Getting more than $2billion US in infastructure investments including a UAE base (Which SL will own after lease is up), 200km paved multilane highway and a new airport runway at Berbera is hardly free.

I said 19 %, meaning Ethiopia's share of Berbera port.

 

[Cumar]

I said 19 %, meaning Ethiopia's share of Berbera port.

Ethiopia is paying for the highway though. That's what I meant.

 

[World]

Ethiopia is paying for the highway though. That's what I meant.

Where did you get the idea from that Ethiopia is paying for the highway on Somaliland's side of the border?

 

[Cumar]

Where did you get the idea from that Ethiopia is paying for the highway on Somaliland's side of the border?

It was condition of the sale of 19% stake. The corridor is already done on the Ethiopian side.

 

[Cumar]

@World

"Financial details were not disclosed but the statement said the Ethiopian government would invest to develop the Berbera Corridor, a road from the border with Ethiopia to Berbera"

https://af.reuters.com/article/somaliaNews/idAFL8N1QJ4OQ

 

[World]

@World

"Financial details were not disclosed but the statement said the Ethiopian government would invest to develop the Berbera Corridor, a road from the border with Ethiopia to Berbera"

https://af.reuters.com/article/somaliaNews/idAFL8N1QJ4OQ

That doesn't necessarily mean that Ethiopia will be completely paying for a 250km highway, it just says that they'll invest in it. Very ambiguous statement.

 

[Cumar]

Incentives are the most effective way to atract foreigners. But 30% sounds like a fixed rate. Will they give 30% of the businesses such incentives?

The 30% figure is just projections by the Ethiopian government from its 5 year annual plan. The truth is they are too reliant on Djibouti for their imports and they want to diversify using the berths at Berbera and Port Sudan. You are correct in saying it will most likely not be fixed at 30%, but some variable rate. As for financial incentives, I have not seen anything concrete reported on this yet. That is a good question that remains to be answered.

 

[Cumar]

That doesn't necessarily mean that Ethiopia will be completely paying for a 250km highway, it just says that they'll invest in it. Very ambiguous statement.

We both know there is no way SL can afford to build it without outside funds, while Addis has every incentive to since it is their companies that will primarily be using the corridor.

 

[.279]

LOL
Shut up you little poor cisse clan enclave.How come your GDP of 1.7 billion USD is lower than Somaliland(2 billion USD) who is an isolated unrecognized de facto state for almost 30 years? What have you incompetent prostitutes been doing all these years? You have been a free country for 58 years and the only thing you can show for is prostitution and sex tourism.

Ciises are more powerful and influential than whatever sub clan u hail from. I understand why u and the others are so frustrated, somalilands future looks bleak. Djibouti produces more energy than all of somalia combined, waligiin na ma gaareysiin.

We haven't even acknowledged somaliands exiatance yet muse bixi still kisses our ass. We did so much for ur qabil enclave since 88 u ungrateful .


We'll absolutely leave u in the dust in the next few decades. Ictiraaf isn't coming, move on.

Somalia iyo Djibouti waligeed ha noolaadaan

 

[.279]

Djibouti has three ports while somaliland has a sub par port in which they ship their camels off to Dubai.Somaliland gave away 70% of their only port for "investments" and "free trade corridors".They then preceded giving their largest customer a significant stake in their port.

68 IQ I tell u

They are brain dead ppl who believe every deal, even the horrible ones, is "horumar". The fact that they're trying to act like djiboutis deal is similar to theirs shows it.

 

[Lancer]

Ciise, they weren't always known for logic. These are the same savages we are talking about who were naked in the 1800s. Nothing about this agreements is going to affect the Berbera deal. The fact you can't comprehend why a nation needs multiple ports not only for the economic reason(less congestion, more competitive rates , access for Eastern Ethiopia's market) but also for security reasons , in the off chance something happens in Djibouti that inhibits their sole access to the sea. Your brothel oven of a country has no future when the chinese come knocking for their loans. Until then iska bashaal.

 

[Lancer]

Ethiopia is paying for the highway though. That's what I meant.

The highway will be built/financed by the UAE. The Ethiopians are only gonna work on their side of the border.

 

[.279]

Ciise, they weren't always known for logic. These are the same savages we are talking about who were naked in the 1800s. Nothing about this agreements is going to affect the Berbera deal. The fact you can't comprehend why a nation needs multiple ports not only for the economic reason(less congestion, more competitive rates , access for Eastern Ethiopia's market) but also for security reasons , in the off chance something happens in Djibouti that inhibits their sole access to the sea. Your brothel oven of a country has no future when the chinese come knocking for their loans. Until then iska bashaal.

Ur envy is showing. Our leaders never set foot in so called somaliland, you're the ones who run to djibouti like es when summoned.

Where's ur flag? Non existent country, non existent flag.

Why do ur presidents and politicians use our passport?

Savages kulaha Why were u running towards savages when u were getting blown to bits? Without us most of u would have died of hunger in the 90s.

I know it hurts u that a tiny country of 900k has more power than yall but take ur frustration out on someone else.

If u notice, i never insult anyones qabils. Not surprised tho as isaaqs are the biggest qabilists of em all.

 

[Disappointed]

In sha Allah berbera will be doing even better than djbouti soon Allāh willing and it will be green and wealth will be bountiful more so than djbouti who’s a military base for the international community a receptacle

How does this man change his positions but still remain in character?You're a very dedicated troll.