Yes it is somewhat depressing but it's not all negative. These people are building up capital and technical knowledge. They will bring back all of this capital and expertise to somalia. That they wouldn't otherwise have if they didn't go overseas. In a twister way somalias civil war unlocked opportunities to build up capital and expertise and connections that would have never materialized if we were just another African country and not a global diaspora
The fast development of Ethiopia
- Thread starter MalcolmFitzhugh08
- Start date
Where are you getting Uganda having an agricultural export of 3.9 billion? It should be about half that, their total export should amount to that number you stated, with gold exports alone being 2 billion, or roughly 50% of their export value in USD. Just post where your getting your data from and I'll do the same from here on out.
They're headquartered in Nairobi, Kenya. Somalia is just one of the regional countries they operate in. It's stated so on the front page of their website.
Ethiopia's leadership hopes to transition from an agriculture based economy to a light manufacturing export based economy. They're constantly dealing with power outages with their current electricity capacity, so even without their attempt to pivot to a light manufacturing export based economy they would still need to bring online additional power capacity, or continue suffering power outages with all it's negative effects to the economy. Building a dam that more than doubles the electricity generation of a country and calling it a waste with minimal return flies in the face of all logic.
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There are also many opportunities to invest in facilities and factories in Somalia that could move us up the value chain and increase our exports by billions overnight. If I were in a leadership position in Somalia, one of the first issues I’d tackle would be building meat processing facilities in our coastal towns so we can export packaged meat instead of live animals. There are so many low-hanging fruits; the opportunities are almost endless.
Ethiopia's total export is around 4 billion and 3 billion is agricultural. Uganda's total export revenue is 3.9 billion and of it 3 billion is agricultural as well.
You can look up the data it's publicly available.
When you compare and contrast it does not add up. We all know it's domestic market is in shambles so, no use going there to explain it.
I think you cut off part of my reply. Here you go.
Somalis actually own business in more than one country, so the people who invest in Somali enclaves in Kenya, South Africa and Dubai also invest in Businesses in Somalia/Somaliland and Ogaden
There is also major projects being built in Mogadishu that will dwarf those towers built in Kenya by Hass
Like Dahab towers
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Tranaisitioning to manufacturing seems incredibly dumb and short sighted since 80% of their pouplation lived in rural areas. There's also the weird fact that they have 120 million people but there only 1 city with a million+ pouplation which is addis abba how is that even possible? Cairo and congo which are supposedly smaller they each have 3 cities with more than a million people. Their capitals are also like 3 times the size of Ethiopias pouplation wise
There are investments being made in the past few years and the government trying attract investors to develop the livestock and meat production industry.
Just this last year alone they made head way in this
Exploring investment opportunities for the livestock sector in Somalia
A round table jointly hosted by the International Livestock Research Institute (ILRI) and the Ministry of Livestock Forestry and Range (MoLFR), the Federal…
Next year they are going to roll out with meat processing facilities and plants.
You can see that they have already started rolling out seafood processing plants part of the blue economy plan.
Uganda's agricultural exports flatline at around $2 to $2.5 billion in a good year and remain there. Their service exports are just under $2 billion. Any fluctuations in export value are due to the amount of gold they export in a given year, which accounts for 50% to 60% of their total export value.
Ethiopia's exports on the other hand, have been steadily growing, increasing from roughly $3 billion five years ago to $4.2 billion in 2022—a 25% increase. Their service exports are also double that of Uganda's and are growing rapidly. In total, Ethiopia, when accounting for both goods and services—think Ethiopian Airlines—has double the export value of Uganda. Additionally, Ethiopia's exports are steadily rising, whereas Uganda's have remained relatively flatlined.
They have a massive rural farming population so they're attempting to follow the China method. Introduce light manufacturing jobs that pay more than the menial work of their massive agricultural subsistence population. This in turn, will drive millions toward cities to fill these light manufacturing jobs, thereby increasing urbanization and GDP growth simultaneously. Will it work? maybe, 50/50 chance I give it.
Ok break down the export stats for Ethiopia, the 10 billion that you have shown there. You probably can't , you just see a blanket number on some exaggerated growth stats.
Because if you see the link i shared it breaks down each of its exports:
The top exports of Ethiopia are Coffee ($1.55B), Gold ($546M), Cut Flowers ($255M), Other Vegetables ($235M), and Other Oily Seeds ($212M), exporting mostly to United Arab Emirates ($723M), United States ($557M), Germany ($274M), Saudi Arabia ($268M), and Somalia ($265M).
It all shows its main trade partners and how much each country imports from them.
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3LetterzMM
LG gang we gon slide for my nigga 🤐🥷
Why the f*ck would I learn Ethiopian when I speak English the language of the world miss me wit dat bullshit lol learning af chingchong would be a better use of my time.
Ethiopia is a ticking time bomb anyways it’s only a matter of when lol an Eritrea pt2 is gonna happen and the Amhara Oromo Tigray Somali Afar Gurage etc are all gonna participate in killing each other for their own reasons. It’s just a matter of which group is gonna start it off my moneys on the Tigray. Plus I doubt they are gonna bounce back this time.
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Nah he is Somali, calm down lmaaao. I think he is Pro Greater NorthEast Africa and thinks we are crapping on Ethiopia because we are biased or are anti-Ethiopian.
We are not , honestly i wish Ethiopia did better economically and worked with their neighbors it would be better for the whole region. So we are just being realist about things. Ethiopia has a lot of potential.
Even if he is Ethiopian he is free to share his disagreements.
I think he probably agrees with me that Land of Punt encompassed potentially a region from Eastern Sudan to NortheEast Somalia, which Eritrea is included in.
In the website you shared, scroll down just a little bit to *Service Trade*, then look at *service Exports*, and tally up the total with your exports above, thats how you get the *Goods and Services* exports number shown in the graph I shared.
Two of those four threads have to do with the Somali region's agricultural potential(Not pro Ethiopia, literally the opposite of that), and medieval Somali coins being used in Ethiopia(showcasing our economic dominance during that period).
My thread about the territorial extent of Aksum was educational, with sources provided. Read through it, you could use some historical literacy.
I’m not pro-Greater Northeast Africa, it’s a very cringe idea honestly. I just don’t have hate blinders on for Ethiopia and try to look at things impartially without letting my internal biases get in the way. I simply believe that as Somalis, we should take every potential threat at face value. If Ethiopia is indeed growing at the pace its figures suggest, that’s a potentially catastrophic scenario for us, given our slow pace of recovery. The resources that disparity in GDP affords them compared to a Somalia whose military is still in its infancy and whose economy has not even begun to properly gain momentum, should concern every Somali. I feel like we’re in a “frog in boiling water” scenario when people talk about Ethiopia's and Kenya's progress.
I see it now $4.92B is service export, but 3.26 is transport which is probably airline cargo and logistic services associated with it. For Uganda service export is 2B
But this proves it further though, Ethiopia isn't exporting much of high volume of any produce to justify the GDP growth rate.
Swift progress? The country is barely any different from what it was from the 80s, still have crippling poverty, still suffering from famines, still wracked by civil wars ect. Of course it is still making progress but at a snail's pace. Comparing it to China is silly because China within a few decades became a fairly wealthy, hugely industrialized country. Same with South Korea.
At their current pace, I assure you it will take them at least half a century to move away from third world status. They will inevitable have more civil wars along the way which will continually trash their economy like it always had in the past.
That is concerning but not the end of the world. Somalia has plenty of underground water. Ethiopia being landlocked is far more of threat to them than Somalia's rivers being tampered with.
I am extremely skeptical of stuff put out by the Ethiopian state propaganda machine , especially since i began studying the regions intricacies and history.
And i believe it's a pariah state that is hindering and keeping the region back from progressing and stuck in a feudal past. The region includes Eritrea, Djibouti and Somalia.
And this assessment mainly comes from a few Ethiopian intellectuals, economists, political analysts and historians who are brave enough to be honest about it.
It's economy has been for many decades pretty flat and since the Tigray war it's been on decline and in a catastrophe , apocalyptic proportions and people a living in the most crippling poverty while the government is indifferent to their needs.
Somalia is completely opposite . It's like Three Moon said the Somali economy sunk to less than 1 billion in 1991, and in 4 years time (2028) it will have crossed the $43 billion PP mark, that is a 43x increase in probably the worst period in Somali history.
and this is without a rebase , which would reveal an even bigger size.
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Once they do a rebase like how they did in Ghana and Nigeria, it will surprise many.
In 2018/2020 it was estimated that there was 2.7 billion transaction a month which is essentially 32 billion a year.
Just from that you can tell the 11 or 34 PPP billion stats sounds bonkers and we can even take it further and contrast and compare it to the mobile money markets of Kenya ($38 billion) and Ghana ($36 billion) in 2018, which are two of the most technological advanced countries in Africa and both with formal economies in the $150-200 billion range, then its clear that there is a lot more wealth in circulation in Somalia than what official stats show.
I explained it @Shimbiris recently and it's baffling because so much money is circulating while Somalia was experiencing decades long economic sanctions and embargos , the last of which have been opened up between 2020-2024.
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