DP World to manage Somaliland port of Berbera
- Thread starter Racer
- Start date
- Status
waraabe
Your superior
Payment will be made in Khat
Hold on sxb, hawiye women don't rule somaliland
AceofSom
nx]\\0-9
KKKK, don't take it personal my nigga, nothing wrong with Khat, we know its the national currency of SL.
Anyways carry on.
waraabe
Your superior
Ok abu shisha
Ethiopia's port fees to Djibouti were about $800 million in 2015. A third of that is $260 million. Total possible revenues for Berbera in 2015, if it had the upgrades and could service a third of Ethiopia's overseas trade, would have been $260 million. Somaliland gets 35% of that revenue which is $91 million and 10% of DP World's 65% stake which is $16.9 million, making a grand total of $107 million. This is less than what Somaliland currently makes from Berbera, which means that this whole 30 year plan is predicated on Ethiopia growing at close to 10% and on it transferring some of its business from Djibouti. If neither of these two things materialize, the deal is basically suicidal for Somaliland because it would mean it has signed away its main source of revenue. DP World would probably be just fine and could operate profitably, and even recoup its investment, if revenues stay at the theoretical $260 million. While Somaliland would be left dealing with the problem of stagnant revenues and a growing population. This was a big gamble.
Sxb you do know a fee is just another word for taxes or even tariff. They're all synonymous to a certain degree. With that being said, when DP world says it will give SL 10% of 65% it is talking about its generated REVENUE. Revenue at ports come from services, cargo, equipment etc. Also from storage for X amount of days importing or exporting. Ethiopia was paying 1.2billion in fees to Djibouti under dp world in 2009, so I think your figure is way off as to what is now.
Talabaad. Somalilands monies at the port was made mainly from taxing exported livestock and imported local goods from a few local companies. This will still continue, possibly only under the 35% SL controls. Therefor whatever SL used to make, will still be made on top of that whatever they get off this new market of 30% Ethiopian imports. So there's no way in my mind I can see this as a loss or even a gamble, but instead a major gain
Djbooty(Cumar geele) was tappin that xabashi ass for long enough
. Good thing about dealing with Dp world is they want to deal directly with Somaliland, while Bollore wanted to use Ethiopia to regulate the port. Believe me, this is a major win wallahi, let's hope corrupt leaders don't steal everything. Also uae in general wants to invest heavily now in the fishing and mineral sectors, nothing but khayr can come out of this. Besides Isaac are natural mucaarid, if they feel ripped off during the deal, they'll just overthrow the government 
. Good thing about dealing with Dp world is they want to deal directly with Somaliland, while Bollore wanted to use Ethiopia to regulate the port. Believe me, this is a major win wallahi, let's hope corrupt leaders don't steal everything. Also uae in general wants to invest heavily now in the fishing and mineral sectors, nothing but khayr can come out of this. Besides Isaac are natural mucaarid, if they feel ripped off during the deal, they'll just overthrow the government - Status
