China is lending money it doesn't have.
It's an opportunity for Somalia to use Chinese greed against them. There's a major correction coming and anyone who can get loans from China in Africa should default on them.
Somalis need to invest in Private equity funds that are transparent and can return yeilds to investors. China always sends its dumbest people to Africa and they make billions. We need to invest together ASAP, before Chinese private equity funds start owning Somalia like they do in Jamaica.
Chinese are the worst investors they trade infrastructure for resources.
Yes but once you get money you can implement it into your community thus helping the local population.However the chinese only hire chinese personell thus perpetuating the inequality faced by somali nationals.As opposed to transacting with money?
Beggars can't be choosers and these African politicians are at fault for accepting.
I wish more Somalis moved from the barren interior and started more villages and settlements along the coast the government can help implement this by constructing a highway along the coast from Kismayo to bosaso, and encourage nomads to settle.
Yes but once you get money you can implement it into your community thus helping the local population.However the chinese only hire chinese personell thus perpetuating the inequality faced by somali nationals.
Nothing wrong with selling your resources however there is something wrong with giving land so they can work it to death for a few houses. State run mines are our future like Saudi Arabia, gulf and other arab countries.Your right but if we had money then we would've already had the infrastructure.
It's a catch 22 scenario where African countries don't have the billions of dollars required for infrastructure in the first place.
Selling a bit of your resources reserves in return for infrastructure could be a good deal if it allows us to kick start our own development.
If we outsource all the important jobs out to Chinese workers and import materials we could've produced at home then that would drastically limit the amount we could learn from the experience for future projects...
so we end up continuing outsourcing everything until our resources run out.