Ethiopian Women at the top of Sheba Valley (Ethio Silicon Valley)

[Tukraq]

Yes but do you think dirt poor countries of horn have the luxury to choose and pick from projects that helps us earn the much needed hard currency? At least for now anything is good as long as it helps our respective countries escape poverty. Let outsourcing vs competing with western companies be the problem of tomorrow. For now we are not in the position to even entertain such nonexistent problems.

thats only because as our economist @Teeri-Alpha stated your government is too involved in the business sector, now if you were in somalia the tech students could have setup shop on there own company tomorrow with ease and get all the profits which amount to a lot, the thing is your own markets are important and worth billions thats were your supposed to outcompete these foreign tech companies

 

[Abel2019]

Heres how the tech business work.. If you develop a software you can either launch it on your own (if you have the financial backing ) or you will partner up /sell it to a giant tech companies.

 

[xabashi]

"Ethio Silicon valley"

Yes, Ethiopian Silicon Valley is called "Sheba Valley" and the first phase of development is completed and the second phase is under development.

 

[Apollo]

Sheba was a Yemenite, not even Ethiopian.

Y'all we wuzzing.

 

[AussieHustler]

Somalis and their irrational hate for Ethiopia.

If your neighbor becomes rich it will have spillover effects. Regional progress is to your benefit.

That’s what the economic rationalists call ‘Trickledown economics’.

 

[xabashi]

Sheba was a Yemenite, not even Ethiopian.

Y'all we wuzzing.

That is disputed We have also sheba miles for frequent travelers of Ethiopian Airlines.

 

[Farjano-Walad]

S hole Ethiopia where firms cannot set their own prices with out the red tape, it takes hundreds of days to register for business, no electricity as its on and off even in the capital, red tape with heavy socialist control mentality, they think state led policies is best yet never give the free market an inch to breath,

all the economic growth was fake, sorry but if you increase your money supply by 500% and the economy growth by 100% You are down 400% since debt and inflation eats all the meagre growth, so its fake numbers

chaps, if your debt goes up 500% and your income goes up 100% you are not better off, you are living on borrowed times and property

oh and they begged the world bank, IMF and Paris club 6 times in the last 1 year, so much for a econ growth, its a shythole economy with 5 times smaller GDP than Singapore with 5 million people,

oh and they default on the Chinese loan for the train track with djabooty so the chinese took it over, its in debt massively, and cannot afford to pay it off,

also abiy begged arab nations for oil loans since they nation cannot afford to import more than 1 weeks oil supply,

 

[Apollo]

S hole Ethiopia where firms cannot set their own prices with out the red tape, it takes hundreds of days to register for business, no electricity as its on and off even in the capital, red tape with heavy socialist control mentality, they think state led policies is best yet never give the free market an inch to breath,

all the economic growth was fake, sorry but if you increase your money supply by 500% and the economy growth by 100% You are down 400% since debt and inflation eats all the meagre growth, so its fake numbers

chaps, if your debt goes up 500% and your income goes up 100% you are not better off, you are living on borrowed times and property

oh and they begged the world bank, IMF and Paris club 6 times in the last 1 year, so much for a econ growth, its a shythole economy with 5 times smaller GDP than Singapore with 5 million people,

oh and they default on the Chinese loan for the train track with djabooty so the chinese took it over, its in debt massively, and cannot afford to pay it off,

also abiy begged arab nations for oil loans since they nation cannot afford to import more than 1 weeks oil supply,

PhD in Economics,

You do realize K5 has the worst economics of Ethiopia. Don't make me pull out the stats.

 

[xabashi]

S hole Ethiopia where firms cannot set their own prices with out the red tape, it takes hundreds of days to register for business, no electricity as its on and off even in the capital, red tape with heavy socialist control mentality, they think state led policies is best yet never give the free market an inch to breath,

all the economic growth was fake, sorry but if you increase your money supply by 500% and the economy growth by 100% You are down 400% since debt and inflation eats all the meagre growth, so its fake numbers

chaps, if your debt goes up 500% and your income goes up 100% you are not better off, you are living on borrowed times and property

oh and they begged the world bank, IMF and Paris club 6 times in the last 1 year, so much for a econ growth, its a shythole economy with 5 times smaller GDP than Singapore with 5 million people,

oh and they default on the Chinese loan for the train track with djabooty so the chinese took it over, its in debt massively, and cannot afford to pay it off,

also abiy begged arab nations for oil loans since they nation cannot afford to import more than 1 weeks oil supply,

Dude, you already posted this shit. Why are you so triggered? Every third world country "was developed" with debt and Ethiopia's debt currently stands at 60% of GDP, so I think we can pay it back. Anyway, The choice is yours. Either you talk and cry about how bad Chinese built rail way is or you have it. I rather chose the later.

 

[Abel2019]

Ethiopia is one of the fastest growing country in the world plus our hydroelectric dam will supply all Ethiopian regions with enough electricity as far as power shortage in the capital is completely false

 

[Farjano-Walad]

PhD in Economics,

You do realize K5 has the worst economics of Ethiopia. Don't make me pull out the stats.

the region has been murdered off, so dont even start, its not like there is democracy in ethiopia, its a military hell hole dictatorship, and you cannot bring stats, the ethiopians dont keep stats, so bring them out of your imagination if you will,

 

[Farjano-Walad]

Yes, Ethiopian Silicon Valley is called "Sheba Valley" and the first phase of development is completed and the second phase is under development.

countries with freer markets like UK and France and germ nay and china and russia have tried creating the next sillicon valley, did not work, so what makes you think hell hole ethiopia will make it work?

first get rid of the corruption and the bring free elections, when leaders know they can get kicked out will the nation fix up, till then its a pipe dream,

the US gov never created sillicon valley, it was all free market investments and innovation, market lead, the government cannot create innovation, all they do is use bribe money called tax but when the money runs out it dies since it was not organic,

 

[Farjano-Walad]

Ethiopia is one of the fastest growing country in the world plus our hydroelectric dam will supply all Ethiopian regions with enough electricity as far as power shortage in the capital is completely false

Ethiopia starts rationing electricity for homes and industries

https://af.reuters.com/article/topNews/idAFKCN1SO07F-OZATP

https://www.bbc.co.uk/programmes/p079c9qv

Ethiopia hit by power cuts
There are reports of massive power cuts across Ethiopia, affecting homes and businesses. The government is said to be rationing power but has not confirmed this nor explained the reasons behind the power cuts. The BBC Amharic's Kalkidan Yibeltal is in Addis Ababa.

(Picture: The Gibe III dam in the Omo Valley, Ethiopia. Credit: AFP/Getty Images)

 

[xabashi]

countries with freer markets like UK and France and germ nay and china and russia have tried creating the next sillicon valley, did not work, so what makes you think hell hole ethiopia will make it work?

first get rid of the corruption and the bring free elections, when leaders know they can get kicked out will the nation fix up, till then its a pipe dream,

the US gov never created sillicon valley, it was all free market investments and innovation, market lead, the government cannot create innovation, all they do is use bribe money called tax but when the money runs out it dies since it was not organic,

That is a good point and we can discuss this without resorting to blind hate. There are those who think only free market can bring about economic prosperity siting the west and there are those who support the role of the government to kickstart and help the private sector siting the china model. Africa by far has been following the western free market model since independence but it didn't bring the expected results. Ethiopia's ruling party think the Chinese model of government lead and supported private economy fits Africa better than the western model to bring economic prosperity and equality. So we will see which philosophy will fit best to Africa.

 

[Farjano-Walad]

people in Ethiopia dont buy the top flats in apartments because when electricity is down, no one wants to claim the stairs all the way to the top, so developers from china were confused when they only sold the first few floors and no one wanted the top floors since the lift will not work when the lights are out, so baffled they give massive discounts, so Chinese firms are losing billions in adis abab alone,

 

[Abel2019]

Ethiopia starts rationing electricity for homes and industries

https://af.reuters.com/article/topNews/idAFKCN1SO07F-OZATP

https://www.bbc.co.uk/programmes/p079c9qv

Ethiopia hit by power cuts
There are reports of massive power cuts across Ethiopia, affecting homes and businesses. The government is said to be rationing power but has not confirmed this nor explained the reasons behind the power cuts. The BBC Amharic's Kalkidan Yibeltal is in Addis Ababa.

(Picture: The Gibe III dam in the Omo Valley, Ethiopia. Credit: AFP/Getty Images)

Its a one time thing lol they start shutting down electricity due to the protests going on in Addis Ababa and amhara / oromo regions

 

[Abel2019]

people in Ethiopia dont buy the top flats in apartments because when electricity is down, no one wants to claim the stairs all the way to the top, so developers from china were confused when they only sold the first few floors and no one wanted the top floors since the lift will not work when the lights are out, so baffled they give massive discounts, so Chinese firms are losing billions in adis abab alone,

Real estate is one of the most profitable business in Ethiopia there are many Ethiopians who become millionaire s/ billionaire s in the real estate market .

 

[Farjano-Walad]

That is a good point and we can discuss this without resorting to blind hate. There are those who think only free market can bring about economic prosperity siting the west and there are those who support the role of the government to kickstart and help the private sector siting the china model. Africa by far has been following the western free market model since independence but it didn't bring the expected results. Ethiopia's ruling party think the Chinese model of government lead and supported private economy fits Africa better than the western model to bring economic prosperity and equality. So we will see which philosophy will fit best to Africa.

africa has never ever followed western free amrket, except for white south africa and typical african nation was a socialist Stalinist/Moaist hell hole

do some research, no african country has followed western free markets, except white ruled south Africa and they became the strongest nation and Mauritius, the richest after south Africa per capita,

Africa has been cursed with state run and socialist economic policies also the Chinese allowed free market and are economically much more free market than the west, just political they are communist, but economically free market

 

[xabashi]

africa has never ever followed western free amrket, except for white south africa and typical african nation was a socialist Stalinist/Moaist hell hole

do some research, no african country has followed western free markets, except white ruled south Africa and they became the strongest nation and Mauritius, the richest after south Africa per capita,

Africa has been cursed with state run and socialist economic policies also the Chinese allowed free market and are economically much more free market than the west, just political they are communist, but economically free market

Nice for you to say everywhere the economy is doing well it is the free market even in China and everywhere it fails it is the "Chinese model".

 

[Farjano-Walad]

That is a good point and we can discuss this without resorting to blind hate. There are those who think only free market can bring about economic prosperity siting the west and there are those who support the role of the government to kickstart and help the private sector siting the china model. Africa by far has been following the western free market model since independence but it didn't bring the expected results. Ethiopia's ruling party think the Chinese model of government lead and supported private economy fits Africa better than the western model to bring economic prosperity and equality. So we will see which philosophy will fit best to Africa.

How Socialism Destroyed Africa

https://www.africanliberty.org/2019/03/14/how-socialism-destroyed-africa/

read GEORGE B.N. AYITTEY a Ghanaian economist,

ethiopia has been raped by socialism and zenwai did not chnage the state lead crap, only the gov changed, like the dog of hell may he burn in hell insha Allah

maryam mengustu that big nose bantu ni33er0 screwed up so did haile, he run the nation like his personal wallet, no wonder he was killed and ditched in a toilet by his former slave

its why ethiopia has less Economic out put than kenya, Singapore, even 7 million hong kong or 8 million switzerland has 11 times the GDP of Ethiopia,