Comments by "Omer عمر" (@Omer1996E.C) on "Why Ethiopia is Creating a New Country Next Door" video.
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@ailtonjose3079 4 things to say about this
first, our economy and government revenue is small, so we can't afford and it's very unpopular to use our money to kill each other.
Second, everything here is cheap, and we're buying cheap equipments from countries like turkey, and we use old Soviet weapons and fix them by ourselves, so 800 million does enough
Third (and most importantly), we don't spend alot of money, we spend alot of human lives, forests, mines, freedoms, welfare, heritages, nationalism, development, everything but money.
Fourth, Ethiopia is a very significant country in Africa and the developing world, so anything we do can make it to headlines, so some people just exaggerate everything we do, plus we do very bold things like not fearing Egypt or Trump's threats, and being the first to (almost) recognize somaliland
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@Mr.Nichan well, everyone pays through the government, so yes, it's mostly the private sector, which has no other choice.
But paying all this for the little products we export and import is too much. Literally, the Djibouti state takes 10 percent of everything that passes through it. What's your profit margin on a product when you sell? Mostly, it's 10 percent. Which effectively means that all normal profit margins are taken, which kills trade, only very very profitable and expensive products pass, which includes medical and fertilizers.
Look at ports in other countries, they only take 1 percent of the total value, despite having much better quality than Djibouti. Djibouti takes 10 times, they make a fortune.
If Djibouti allowed us to trade with half of what it takes, we can build another grand dam on the nile in only 7 years
Now, I think you got my point. 10 percent on a port is universally known to be too much
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