Ethiopia takes 19% share in Berbera port for free

[Lord Flacko]

Not really if the Mogadishu port was taken for $80m for 20 years plus 25% for Somalia I believe the SL deal (a first for the gov of SL) was actually decent ($440m for 25 years plus 35% plus 30% of Ethiopias trade)

Unfortunately at the current time that is the best we can do

lol Somalia owns the majority of Mogadishu port revenues. The whole port itself is owned by Somalia but operated by a Turkish firm. The Turkish (or Ethiopian) Govt don't get any part of the port.

Somaliland doesn't even own the base since UAE already got a military base there too to protect their port, nor does Somaliland even get 1/3 of the port revenue. You can't compare it with Mogadishu port.

 

[waraabe]

The whole corridor is banking on Ethiopia's huge market, there has to be some incentive for the Ethiopians to divert some market share from Djibouti to Berbera.

You are using reason sxb, why use reason when you can scream "Somaliland is the colony of UAE and Ethiopia " .

These folk haven't said a word on the port deal of their own capital which is 100 times worse than the Berbera one.

Berbera deal
-$440m investment
-25 years
-SL gov 30%
- 30% of Ethiopian imports/exports

Mogadishu deal
-$80m investment
-20 years
-25% for Somalia gov


A pragmatic person can see the difference clear as day and night

But since the truth is painful I gues you can scream "hayaay SL is a UAE and Ethiopian colony" like @Burhan

 

[Inactive]

T.I.A.

This is Africa.

 

[Prince of Lasanod]

T.I.A.

This is Africa.

Ethiopia is in Africa too, yet they are colonizing Somaliland? What kind of excuse is that?

 

[waraabe]

lol Somalia owns the majority of Mogadishu port revenues. The whole port itself is owned by Somalia but operated by a Turkish firm. The Turkish (or Ethiopian) Govt don't get any part of the port.

Somaliland doesn't even own the base since UAE already got a military base there too to protect their port, nor does Somaliland even get 1/3 of the port revenue. You can't compare it with Mogadishu port.

I hope you are saying that as a retort and not because you actually believe that to be true

 

[XamarCade]

The idoors need the rick James slap

even crackheads know that's a bad deal

 

[waraabe]

Ethiopia is in Africa too, yet they are colonizing Somaliland? What kind of excuse is that?

You can stop them from colonising the mighty khaatumo

 

[Hemaal]

This shady disgusting deal of giving almost a quarter of our port's revenues to Ethiopia should be condemned. I hope cirro wins the next presidency and nullifies this deal

 

[waraabe]

The idoors need the rick James slap
View attachment 15361even crackheads know that's a bad deal

When the facts don't favour you scream idoor kkkkk

 

[oday1kenobi]

Saaxib, they are using the port out of permission and as friendly neighbor in need of a port is one thing, giving the income generated from the port to them 19% for free is gunnimo.

Streets, water, sewage and airport renovation projects could be funded with that money.

Nasabnimadii waa laga tagay.

Exactly.

It would have made sense for Ethiopia to acquire a share if they invested a significant amount of money such as uae/dpworld by they hadn't. What has Ethiopia done to deserve this?

Yes obviously the main USP of the port is to tap into that 100 million growing Ethiopian economy but again, this share was virtually still given away for free.

I believe (as another poster said) this was to appease the Ethiopians whilst they slide some of that khat money under the table to sweeten the deal.

 

[Lord Flacko]

You are using reason sxb, why use reason when you can scream "Somaliland is the colony of UAE and Ethiopia " .

These folk haven't said a word on the port deal of their own capital which is 100 times worse than the Berbera one.

Berbera deal
-$440m investment
-25 years
-SL gov 30%
- 30% of Ethiopian imports/exports

Mogadishu deal
-$80m investment
-20 years
-25% for Somalia gov


A pragmatic person can see the difference clear as day and night

But since the truth is painful I gues you can scream "hayaay SL is a UAE and Ethiopian colony" like @Burhan

Somalia gets 55% of the port revenue of a port fully run by a Turkish firm and fully owned again by Somalia.


And Somalia has the option to buy out the private Turkish firm. Somaliland can't buy out UAE or Ethiopia, in fact y'all did the opposite and bought in Ethiopia for free

 

[XamarCade]

When the facts don't favour you scream idoor kkkkk

Idoor is one of my favorite words rn

 

[Prince of Lasanod]

Somalia gets 55% of the port revenue of a port fully run by a Turkish firm and fully owned again by Somalia.


And Somalia has the option to buy out the private Turkish firm. Somaliland can't buy out UAE or Ethiopia, in fact y'all did the opposite and bought in Ethiopia for free

Turkish military base will train 10,500 Somali soldiers, and they've already provided us with $400m worth of aid. How can he even compare?

They've sold their only resource for ictiraaf.

 

[Burhan]

Not really if the Mogadishu port was taken for $80m for 20 years plus 25% for Somalia I believe the SL deal (a first for the gov of SL) was actually decent ($440m for 25 years plus 35% plus 30% of Ethiopias trade)

Unfortunately at the current time that is the best we can do

Who said you can not negotiate for more? Wallahi all it would take for Ethiopia to back off from asking too much is your leadership to say no. With all eyes on Somalia, there is no way Ethiopia can do anything. All I see are leadership eager to please and in fear of Ethiopia. Average northerner would get a better deal than this free hand out.

 

[MadNomad]

This is just embarrassing

 

[Gilgamesh]

You are using reason sxb, why use reason when you can scream "Somaliland is the colony of UAE and Ethiopia " .

These folk haven't said a word on the port deal of their own capital which is 100 times worse than the Berbera one.

Berbera deal
-$440m investment
-25 years
-SL gov 30%
- 30% of Ethiopian imports/exports

Mogadishu deal
-$80m investment
-20 years
-25% for Somalia gov


A pragmatic person can see the difference clear as day and night

But since the truth is painful I gues you can scream "hayaay SL is a UAE and Ethiopian colony" like @Burhan

Of course I wasn't trying to reason with the xoolos in this thread because they are in principal opposed to it because Somaliland was the one who signed it not their powerless maamul ku-sheeg in Villa Somalia. DP World is a world class port operator and they will be spending hundred of millions in investments. Naturally, there has to be a guarantee that Ethiopians will be using the port and there will be a return on their investment. This is Business 101, but they want to scream the classic played out Habesha boogeyman. I say choke on it, it's happening and there's nothing that will stop it.

 

[waraabe]

Who said you can not negotiate for more? Wallahi all it would take for Ethiopia to back off from asking too much is your leadership to say no. With all eyes on Somalia, there is no way Ethiopia can do anything. All I see are leadership eager to please and in fear of Ethiopia. Average northerner would get a better deal than this free hand out.

Which deal is better the Berbera one or the Mogadishu one?

 

[Jujuman]

Ethiopia recognises SL...


As it's own protectorate

 

[Lord Flacko]

Which deal is better the Berbera one or the Mogadishu one?

Mogadishu one by far.

 

[waraabe]

Somalia gets 55% of the port revenue of a port fully run by a Turkish firm and fully owned again by Somalia.


And Somalia has the option to buy out the private Turkish firm. Somaliland can't buy out UAE or Ethiopia, in fact y'all did the opposite and bought in Ethiopia for free

The usual lies from reer Somalia to save face. The simple fact is the Berbera deal is better than the Mogadishu one no ifs or buts. In fact the Mogadishu deal is so bad it is still hidden from the public