|
|
|
|
|
by fegul
3418 days ago
|
|
This opens up a lot of investment/business opportunities. Ethiopia is land-locked and given its not-so-great relationship with Eritrea, uses Djibouti as its primary port. The time-savings of the railway will bring down port-to-Addis shipment times to 12 hours which is awesome considering it can take 3 days now (although the customs process will need to be improved to really speed it up) It will also reduce the costs necessary to repair the roadways that trucks take to get to Djibouti and back. The incoming lane on these roads is often rutted like crazy due to the weight of the goods and truck drivers are not always the most reliable people. Ethiopia is also home to one of the fastest growing economies in the world and it is extremely import-dependent. The lower the costs for transit, the lower the costs for the consumer. RE: wanting to be where the growth is, you really need to be here to see it (I spend most of my time in Ethiopia) You don't have to know the local language and you don't need millions of dollars but you need to have an appetite for risk and be an extremely patient person. Nothing generally works out the way you think it will here so be open to other outcomes and be resilient through it all. PM if you have any questions. |
|