Somalia expects more Chinese investment and exchanges

Discussion in 'Somali Politics' started by embarassing, Apr 25, 2019.

  1. embarassing

    embarassing

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    Somalia officially joined China's Belt and Road Initiative (BRI) in August 2018. But how do they evaluate the collaboration and what are their expectations for the upcoming second Belt and Road Forum?

    High expectations from upcoming second Belt and Road Forum

    It is the first time Amb Gamal M. Hassan, the Somali Minister of Planning, Investment and Economic Development, will be attending the Belt and Road Forum. He told CGTN that he hopes to take this opportunity to exchange ideas and meet business partners from different countries. He's also looking forward to talk with Chinese senior officials, business executives on how to further boost China-Somalia collaboration.

    Somalia has improved its safety and business environment

    Amb Gamal M. Hassan said Somali government has taken many measures to improve its business environment, and right now Somalia is much secure, the pirates are gone, and the government has plans to remove the elements of terrorism in the country by reforming the security sector.

    Somalia expects more Chinese investment

    Talking about future challenges and opportunities, Amb Gamal M. Hassan also noted that Somalia expects more Chinese investment, and hopes to sell more Somali food and other agriculture products to China.

    Bilateral trade volume reached 485 million U.S. dollars in 2017 with a year-on-year growth of 20 percent. Since Somalia joined China's BRI, the trade volume between the two countries has grown and people-to-people exchanges have also intensified.

    Somalia was the entry point of the ancient Maritime Silk Road to the East African continent, Chinese navigator Zheng He's first contact with the East African continent was in Mogadishu.

    The Chinese government has built over 80 infrastructure projects like hospitals, stadiums, and roads in Somalia. Since 1991, China has dispatched a medical team of more than 400 members in 13 batches to the African country.

    https://news.cgtn.com/news/3d3d414f77456a4d34457a6333566d54/index.html

     
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  2. kickz

    kickz Engineer of Qandala

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    Gotta be careful, they now own Kenyas port after "investments":damedamn:
     
  3. kobe

    kobe Highly Respected

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    Wouldn't mind being colonized by China tbh. As long as they invest in our country and raise the quality of life. Clearly Somalis are incapable of self-rule.
     
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  4. kickz

    kickz Engineer of Qandala

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    :idontlike:Nah, especially not reer Yajuj Majuj
     
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  5. Mehmet

    Mehmet

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    Nothing good comes of this but us getting screwed once again
     
  6. SilverL

    SilverL Unprofessional Therapist

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    Maybe Chinese should just take a stake in the whole of Somalia’s resources and industries. The Chinese become richer and Somalis no longer have to live in poverty and stress, it’s a win win situation :nvjpqts:
     
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