Ethiopia Forces it's Banks to help pay for Djibouti Port Fees

[Cadmus]

How can Ethiopia pay for a loan for the GERD when it's fully funded by the government and Ethiopians?? How does that even make any sense to you? Ethiopia has already laid the ground work for the largest set of electrical transformers in Africa. GERD is talked about because it's on the Nile, but we have over 20 planned dams on the way, and 2 more on the Nile alone.

The reason why you see the Egyptian president meeting with all the countries of the Nile is because of one reason. they are desperately trying to maintain their large share of the Nile water use. They know it's futile to try to wage war on the 10 up stream countries, which would be heavily condemned by the international community. So they opted out to win through diplomacy and bribes, they have even rejoined the Nile initiative.

Your lack of education is glaringly obvious. Stop embarrassing yourself.

http://www.nepad.org/content/grand-ethiopian-renaissance-dam

• To date, financing to the value of USD4.8 billion has been secured through a construction contract with Italy, while China has provided USD1.8 billion for the construction of the turbines

_________________________________:siilaanyolaugh:

 

[Menelik III]

Your lack of education is glaringly obvious. Stop embarrassing yourself.

http://www.nepad.org/content/grand-ethiopian-renaissance-dam



_________________________________:siilaanyolaugh:

Such lies, the site does not even say the amount of the financing. Ethiopia has paid half the amount for the dam, and is paying the rest in increments. China did fund most of the transformers, but this includes many on other sites.

You’re calling me uneducated while you can’t even comprehend how loans and financing aren’t counted as FDI.

 

[Cadmus]

How can Ethiopia pay for a loan for the GERD when it's fully funded by the government and Ethiopians?? How does that even make any sense to you? Ethiopia has already laid the ground work for the largest set of electrical transformers in Africa. GERD is talked about because it's on the Nile, but we have over 20 planned dams on the way, and 2 more on the Nile alone.

The reason why you see the Egyptian president meeting with all the countries of the Nile is because of one reason. they are desperately trying to maintain their large share of the Nile water use. They know it's futile to try to wage war on the 10 up stream countries, which would be heavily condemned by the international community. So they opted out to win through diplomacy and bribes, they have even rejoined the Nile initiative.

Such lies, the site does not even say the amount of the financing. Ethiopia has paid half the amount for the dam, and is paying the rest in increments. China did fund most of the transformers, but this includes many on other sites.

You’re calling me uneducated while you can’t even comprehend how loans and financing aren’t counted as FDI.

You're contradicting yourself there bud. Which one is it? You paid for it or your didn't......

NEPAD is an agency of the the african Union, based in addis. You saying the AU is lying......:siilaanyolaugh:

 

[Menelik III]

You're contradicting yourself there bud. Which one is it? You paid for it or your didn't......

NEPAD is an agency of the the african Union, based in addis. You saying the AU is lying......:siilaanyolaugh:

We have an arrangement with the Italian construction company, they build and we pay in increments since they are building other dams (gigel 1-4). The transformers are also not apart of the estimated dam cost.

 

[Cadmus]

We have an arrangement with the Italian construction company, they build and we pay in increments since they are building other dams (gigel 1-4). The transformers are also not apart of the estimated dam cost.

TheY BuiLd aNd We PaY in InCrEMentS